Thursday, August 18, 2005

WSJ.com - Google Plans New Share Offer

WSJ.com - Google Plans New Share Offer: "Google Inc. plans to sell 14.2 million shares of Class A common stock, which at current market prices would raise more than $4 billion, according to a filing Thursday with the Securities and Exchange Commission.
Google, of Mountain View, Calif., said it intends to use the net proceeds from the offering -- which will increase the amount of its Class A shares outstanding by 8% -- for working capital and possible acquisitions of complementary businesses, technologies or other assets. But it added that is has 'no current agreements or commitments with respect to any material acquisitions.'"

Definitely looks like Google is going shopping...
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