Google Reaches Deal to Provide E-mail, Other Apps for GM

November 05, 2011

Google (NASDAQ:GOOG) has signed an agreement to provide e-mail and online-collaboration software for over 100,000 employees at General Motors (NYSE:GM), reported the Wall Street Journal, citing individuals familiar with the matter.This could be the largest deal since the company launched on Google Apps in competition with Microsoft's (NASDAQ:MSFT) dominant business application.Google (NASDAQ:GOOG) has potential upside of 22.3% based on a current price of $595.62 and an average consensus analyst price target of $728.57.