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Friday, August 19, 2005

 

Google to sell 14m more shares

`Google says it has filed with the Securities and Exchange Commission for a proposed public offering of 14.2 million class A common shares.

Google shares, which have tripled since going public one year ago, closed Wednesday at $285.10 on the Nasdaq Stock Market, giving the offering an estimated value of $4 billion (euro3.25 billion) at that share price.

The operator of the popular Internet search engine said it intends to use the net proceeds from the offering for general corporate purposes, including working capital and capital expenditures, and possible acquisitions of “complementary businesses, technologies or other assets.”‘




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