- 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.
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
From other sites
at Benzinga.com (Sat, 7:33PM)
at MarketWatch.com (Fri, 5:08PM)
at MarketWatch.com (Fri, 3:51PM)
at Benzinga.com (Fri, 12:00PM)
at MarketWatch.com (Fri, 10:14AM)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs