Google could be acquiring Valve which also owns Steam - one of the best content distributions, according to the Inquirer. Valve is also a game developer with titles like Half Life and has a game search engine, Source.
"Ostensibly, Google would want to acquire Valve to take control over the digital distribution business, which is ushering in an era of downloading games directly to consoles without physical media and the company could even use it as a new means of software distribution. And by owning some of the most celebrated titles in gaming to-date, Google could also establish a foothold in the gaming business.," the Washington Post opinions.
Who knows maybe Google could use its business strategies to build a new game - World Dominance or perhaps Big Brother.