Google has just raised another $4.18bn in a follow-up sale of shares. They are offering the stock at $295, a small premium to their current share price. This will take their total cash pile to $7.1bn.
Rumours are spinning about what Google will do with all this money. Capital expenditure and acquisitions seems the best bet. But, who will they buy? Will the potential merger between MSN and AOL shake them into action? Might Google move more and more into the portal space and buy up online content sites - quite possibly.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment