Google CEO Eric Schmidt gave what he just had to know would be a much quoted comment to the Nikkei today, explicitly saying that the company had “begun seriously looking into acquisitions again.”

Music to the beleaguered mergers and acquisitions market, to be sure, especially after a recent uptick from other big companies pulling out their wallets again as the impact of the econalypse subsides.

According to sources, Google is working on at least a half-dozen acquisition deals, most of which are small start-ups in the online advertising and cloud-computing arenas.

That would be welcome news for many.

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Facebook, which has been very busy ferreting away to get a presence on all the big cellphone makers, is in talks with mobile handset giant Nokia about integrating the hot social-networking site on its phones.

Its deals like this–as well as building its popular Facebook app for smartphones like the BlackBerry from Research in Motion and the iPhone from Apple–that are spurring huge market share growth in the arena by Facebook.

And there are more deals to come, with cellphone makers like Palm and Motorola, as the smartphone market keeps heating up.

Too bad for fast-growing Facebook and others that there’s no money to be made yet.

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While there are very few bright spots to look at in the start-up space in Silicon Valley these days, especially those relying on online advertising, the San Mateo, Calif.-based AdMob is at least slightly shiny.

The company, backed by Sequoia Capital, just got a big slug of funding–almost $16 million–to keep pushing to get ads on mobile phones, which has gotten a huge boost from the popularity of the iPhone.

The number of ads AdMob is serving on the iPhone jumped to more than 100 million in September, compared to 35 million the month before, for example.

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