Google to change M&A chief.

The search engines is also planning to manufacture a new late-stage investment group that Lawee will supervise, the source said.

The search engines declined to comment. Lawee and Harrison could hardly immediately be reached pertaining to comment.

One of the internet industry's most prolific acquirers, Google has struck greater than 160 deals to obtain companies and assets since 2010, according to regulating filings. Many of Google's most popular products, including its on the net maps and Android cell software, were created by companies or use technology that Google purchased.

Harrison, Google's deputy common counsel, will head up the M&A group during a period when the company is still along the way of integrating its greatest acquisition, the $12. 5 billion purchase of smartphone manufacturer Motorola Mobility, which closed in May.

And he takes over during a period when the Internet lookup giant faces heightened regulating scrutiny, with the Ough. S. Federal Trade Commission as well as the European Commission conducting antitrust investigations into Google's business routines. Several recent Google purchases have undergone months of regulatory review before having approval.

As deputy common counsel, Harrison has been deeply active in the company's regulatory issues and a lot of of its acquisitions. He joined Google greater than five years ago and contains completed more than 70 deals at the company, according to biographical home elevators the Google Ventures site.

Harrison is an advisor to Google Ventures, the company's nearly four-year old venture division which gives funding for start-up organizations.

While most of Google's purchases are small and mid-sized deals that do not meet the limit for disclosure of fiscal terms, Google has an enormous war chest of $45. 7 billion in money and marketable securities to invest in acquisitions.

Lawee, who took above the M&A group in 08, has had hits as well as misses during his period. Google shut down social media company Slide one yr after acquiring it pertaining to $179 million, just for example.

The planned late-stage investment group is not finalized, the source mentioned. The fund might run separately from Google Endeavors, according to the resource.

"Think of it being a private equity fund on the inside of Google, " the resource said.

The company recently said it would now increase the cash it allocates to Google Endeavors to $300 million 12 months, up from $200 million, potentially helping it purchase later-stage financing rounds.

The search engines finished Friday's regular investing session down 1 %, or $6. 92, from $684. 21.