Google replenishes warchest with $2 billion

March 29, 2006 | Matt Marshall | Comments | |
google lifeboat.jpg
lifeboat

Google, the Mountain View search engine, plans to sell 5.3 million more shares, which will raise more than $2 billion at today’s stock price. Among the possible things it plans to do with the money: acquisitions of other companies (see filing, page S-2). So all the Silicon Valley start-up companies out there struggling by with no revenues can cling to hope. Google may yet be your liferaft.

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Matt Marshall is editor and CEO of VentureBeat. Follow him on Twitter at @mmarshall, and follow VentureBeat on Twitter at @venturebeat.

  • ROTFLMAO
    Matt, the lifeboat picture for this article is priceless. Ah yes, the great Web 2.0 Revenue plan, attain market share, sell to Google! As apposed to the Web 1.0 Revenue plan of attain market share, sell it on Wall Street!
  • I think it's also a play to keep the stock price down, more supply, less demand. If Google execs were optimistic about the stock price, why not wait a few weeks to see how high S&P buyers take the GOOG?
  • Papasik Rugasik
    Why not to sell the whole Silicon Valley to Google at once? They could get a bulk discount.