they just sold 17 million shares in the open market... they now have 4 BILLION DOLLARS IN CASH TO PLAY WITH. WOW.
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 18, 2005 Google Inc. (Nasdaq:GOOG) announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering by the company of 14,159,265 shares of Class A common stock. The managing underwriters of the proposed offering are Morgan Stanley & Co. Incorporated and Credit Suisse First Boston LLC, acting as joint book-running managers, and Allen & Company LLC, acting as co-manager. The underwriters have an option to purchase up to 600,000 additional shares of Class A common stock from Google solely to cover over-allotments, if any. A copy of the prospectus relating to these securities may be obtained, when available, from: Morgan Stanley & Co. Incorporated, Prospectus Department, 1585 Broadway, New York, NY 10036 or Credit Suisse First Boston LLC, Prospectus Department, One Madison Avenue, New York, NY 10010. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. CONTACT: Google Inc. David Krane, 650-253-4096 Last Updated: August 18, 2005 06:45 EDT
I could sell them some "made for adsense" type sites if they are interested...with that much cash they could buy at least 4 new sites...
Or buy up some dark networks to continue their plan to take over the world. Or buy some media companies.
thats in the makings... i heard they have been buying fiberoptic networks/broadband like crazy over the past few years...
Yea that's why I said it. I saw a job ad a few months ago. They were looking for someone with experience in negotiating and acquiring that sort of thing.
Good for them (where's the thumbs up smiley when you need it...) Multiply that cash reserve by an order of magnitude, and they can afford to take Microsoft head on (Microsoft reportedly has a cool 40G$, as in gigabucks, cash reserve)
interesting story on that subject http://www.business2.com/b2/web/articles/0,17863,1093558,00.html?cnn=yes
I've heard they'll invest the money in China which sounds very reasonable to me if you think of the number of people there. Google surely doesn't want Yahoo and/or Microsoft to take over the whole market there.