While such a string of acquisitions certainly represents a massive inward flow of cash to Britain, it could have its downsides. If Britain’s most promising startups always pick guaranteed cash now, over the prospect of a much bigger payoff later, then the nation will never have its own tech giants to rival Apple, Google and Facebook.
The companies don’t belong to the nation. Further, the value to the “nation” is in being able to use the technologies, not in who owns them.
Seriously, we Britons are made poorer by Google’s existence?
It’s the same idiocy as the insistence that nations trade with each other. It’s simply not true.