Google has revealed that it plans to spend $9.1 billion on a data acquisition program, which is likely to focus on the US market, which could include data from US companies.
Google said in a filing to the SEC that it will spend $4.7 billion on the program, bringing its total spend for the program to $9bn.
Google will be acquiring “hundreds of thousands of customers” in the US and Canada and its partners in Europe, Europe, Latin America and Asia, Google said in its filing to SEC.
Google also said that it would buy a “large number of additional business customers” and would acquire “certain companies that are part of Google’s existing business.”
Google said that its acquisition of Motorola Mobility “is intended to provide Google with the ability to accelerate its acquisition activity in the Motorola Mobility space.”
The company said it plans on buying Motorola’s patents, software, services and other intellectual property assets, and will use the proceeds to further its Google business.