Larry Page Takes Over Google, Spends $900 Million On His First Day

Larry Page

Photo: AP

People told us Larry Page, Google’s new CEO, would be all about action, but we didn’t expect this.Today – on Page’s very first day in the new job – Google went out and offered $900 million to buy patents from Nortel.

Jay Yarow reports that Google “is stocking up on patents since the tech world is getting filled with patent lawsuits.”

The move is exactly like the kind of move everyone said Page’s Google would start making – a bold use of Google’s huge pile of cash to solve a problem quickly.

We can’t wait for day two.

What’ll it be? Foursquare for $1 billion? Twitter for $10 billion?

Don’t miss: A Googler Tells Us These Are The 10 Most Powerful Execs Under New CEO Larry Page

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at