Seeking Alpha

Google needs up to $30B of overseas funds for acquisitions

  • Google (GOOG, GOOGL) needs $20-30B of its foreign earnings to finance acquisitions, which is why it had parked $35B abroad as at the end of March.
  • The search giant also plans to use $2-4B for capex and $12-14B for an R&D cost-sharing agreement.
  • Google made the disclosures in a December letter to regulators that it published yesterday. The letter comes amid controversy about how U.S. corporations keep large funds overseas in order to avoid U.S. taxes.
  • In addition, Google revealed that it passed on a $4-5B acquisition deal for a foreign company in late 2013, although it didn't provide the name of the target.
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Comments (1)
  • Manitobatex
    , contributor
    Comments (904) | Send Message
     
    Trying to out do Facebook is a great idea........spend, spend, spend !
    21 May 2014, 05:29 AM Reply Like
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