August 18, 2005

 

Google cashing on its stock

According to this [1] (and many more) story, Google plans to sell its 14.8 million shares worth USD 4 billion. This huge amount they plan to use for general corporate purposes, including working capital, capital expenditures and acquisitions of complementary businesses, technologies or other assets. The two investment banks managing this sale will get USD 150 million! Isn't it the same Google which avoided the bankers on Wall Street and went ahead with Dutch auction for its IPO?

4 billion, actually, may not be big money if they plan to go Yahoo way. (Yahoo recently spent 1 billion to acquire stake in Chinese auction site.)

References:
[1] News from Bloomberg

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