Here’s what Reuters shared about the move; we have reached out to Google for comment:
Google Inc is replacing the head of its in-house mergers and acquisitions group with one of its top lawyers and is planning to create a new late-stage investment group that longtime and outgoing corporate development chief David Lawee will oversee, according to a source familiar with the matter.
Don Harrison, a high-ranking lawyer at Google, will replace Lawee as head of the Internet search company’s mergers and acquisitions team.
This move would be interesting for many reasons, including the fact that Google already has an early-stage arm called Google Ventures, which has been cracking away on investing in smaller teams with big ideas.
Basically, Google has a lot of money to play with to grow and can have a hand in helping other late-stage companies grow. Why not do it?
UPDATE: We’ve confirmed that Don Harrison will be leading Corporate Development beginning in 2013, and that David Lawee will be working with Google on other initiatives.
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