Google late Wednesday filed with the Securities and Exchange Commission to sell up to 5.3 million Class A shares. Based on Wednesday’s closing price of $394.98, the offering is valued at $2.1 billion.
Google said in its filing that the shares would be offered mainly to index funds. Standard & Poor’s… announced that, as of the close of trading on March 31, it plans to include Google into the S&P 500 Index.
But in addition to providing for the anticipated demand, Google also said that it may use the proceeds elsewhere. “We anticipate that we will use the net proceeds from this offering for general corporate purposes, including working capital and capital expenditures. In addition, we may use proceeds of this offering for acquisitions of businesses, technologies or other assets that we believe will complement our business,” the company wrote in its filing.
Bear Stearns analyst Robert Peck said he believes Google “may have bigger plans.”
Uh, O.K..
for someone aginst big business they sure are getting big
Geesh, weeks of getting slapped in the head with more Google rumors.
Graphic nitpick…shouldn’t the $ in that image be a Pound sign? I mean, yeah, it isn’t a story about pounds-sterling (and is about dollars) but the L in google really doesn’t seem cleverly replaced with a dollar sign…
I agree, Rick. It’s what I started to search for. But, I didn’t spend a lot of time Googling for the graphic. It makes the same point albeit not as smoothly.
at first glance i thought it said “goatse”
“Gee,Google, what are gonna do tonight?”
“The same thing we do every night Pinky. Try to Take Over The World!!!”
Maybe they want to gobble up Apple Computers. Or at least the computer division, let Jobs spin off the iPod. So what would Google, with all those brains and money, do with Apple Computers?
Would this make M$ nervous? Would Balmer throw another chair or just a hissy fit?