4 Merger and Acquisition Stock Stories Not to be Missed
Google (NASDAQ:GOOG): Current price $824.71
This week, Google purchased the Canadian neural networks startup DNNresearch, which is a three-person team working out of the Department of Computer Science at the University of Toronto. Financials of the transaction were not reported. All three members of the team will be employed by Google along with continuing their research at the university. DNNresearch was incorporated in 2012 by university professor Geoffrey Hinton and two of his graduate students, Alex Krizhevsky and Ilya Sutskever. Google appears to have pulled off an “acqui-hire” in this case.
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