From the Google side I wonder if the underlying logic of these types of acquisitions is actually more originating on the Google M&A department side. There's probably some infrastructure needed to maintain a corporate Google M&A team which is probably is essential at the size of Google, but I can imagine there is a bit of downtime in between large deals that are actually exponentially value accretive (i.e. Youtube, Ne…
So it's not just actually executing M&A. Once the target is identified, the actual deal execution often falls to lawyers/bankers.