SAN FRANCISCO (Reuters) – Google Inc is buying the Frommer’s line of travel guidebooks, the most recent transfer to amass a trove of publishing content material that would strengthen the No. 1 Internet search company’s push to develop into a major online journey broker.
In December 2009, the corporate unsuccessfully supplied greater than $500 million to accumulate Yelp. One year later, in late 2010, Groupon Inc, the every day offers firm, turned down a $600 million supply from Google. Shares of Google, which on Monday introduced plans to put off 20 p.c of its not too long ago acquired Motorola Mobility enterprise, rose 2.8 p.c to $660.01. Wiley & Sons shares had been off 1 cent, or 0.02 %, at $forty seven.58. The spokeswoman mentioned there was nothing to announce concerning whether Google would continue to publish the print guidebooks. Google and Wiley & Sons didn’t announce financial terms for … Read more