Google Files to Sell 14.2 Million Shares from the AP covers how Google is to float more shares to raise money for "general corporate purposes, including working capital, capital expenditures and possible acquisitions of other businesses or technologies." The sale coming a year after Google initially went public will earn about $4 billion, based on the current share price. One analyst is surprised saying Google doesn't need the money and that the sale will depress the stock price. The company currently has about $3 billion in cash on hand, according to the AP story.
Scroll to top