Thursday, September 08, 2005

Google sees $4.1 billion net from stock offer

Google sees $4.1 billion net from stock offer | CNET News.com: "Google on Thursday said it expects $4.11 billion in net proceeds from its shelf offering of 14.16 million Class A shares.

The Internet search-engine giant said in a regulatory filing that the funds will go toward general corporate purposes, including working capital, capital expenditures, and acquisitions of complementary business, technologies or other assets. The company gave no details.

'We have no current agreements or commitments with respect to any material acquisitions,' the filing said."

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