Thursday, March 30, 2006

WSJ.com - Google to Sell 5.3 Million Shares Valued at $2 Billion

WSJ.com - Google to Sell 5.3 Million Shares Valued at $2 Billion "Google Inc. yesterday filed with regulators to sell 5.3 million new shares, currently valued at around $2 billion.
The Mountain View, Calif., Internet company said the share sale would partially meet the demand of index funds that need to own Google when it is included in the Standard & Poor's 500-stock index at the end of the month. Google said it would use the proceeds from the sale for "general corporate purposes, including working capital and capital expenditures, and possible acquisitions of complementary businesses, technologies or other assets." It said in its filing with regulators that it currently didn't have commitments to make any material acquisitions."
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