Google files to sell over 5M shares

Google has filed to sell another 5M shares. It will add over $2bn to their already meaty coffers. Could it mean more acquisitions are on the way.

The sale would mark the third time that the Internet search giant has tapped the equity markets. Google filed for a secondary stock offering in August 2005, raising more than $4bn a year after it went public. The company had more than $9 billion in cash and investments at the end of 2005.

With over $11bn in the bank Google could pull off some transformational M&A moves. Speculation is bound to permeate the airwaves over the next few weeks. Or how about a hi-speed Wi-Fi/WiMax network across the US?