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Google To Sell Another 5.3 Million Shares
By Andy Beal
Expert Author
Article Date: 2006-03-30
Google's building their war-chest again, this time they are hoping to raise $2.1 billion by selling 5.3 million shares before they join the S&P 500, according to the Washington Post.
What will they do with that money?
Few analysts expect Google to make a huge acquisition with the money raised in the stock offering. Instead, Google has said it plans to continue making small acquisitions in the numerous areas where it is developing products. The company said it "may use the proceeds of this offering for acquisitions of complementary businesses, technologies or other assets" but added that it had no commitments or agreements in place to buy any companies.
It costs a lot of money to give away services for free. ;-)
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About the Author:
Andy Beal is President & CEO of Fortune Interactive a full-service interactive marketing agency specializing in search marketing and blog marketing. Considered one of the world's most respected interactive and search engine marketing experts, Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian. You can read his internet marketing blog at Marketing Pilgrim and reach him at andy.beal@gmail.com.
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