CBC News
One year after its debut as a publicly-traded company, Google Inc. said Thursday it plans to offer another 14.2 million shares, which would currently be worth about $4 billion U.S. ($4.8 billion Cdn).
The internet search leader said it plans to use the proceeds for "general corporate purposes," including possible acquisitions.
Shares of Google slipped in July, with investors concerned Google might not be able to maintain its breakneck pace of growth. The company's stock price has more than tripled since it made its Nasdaq debut in August 2004.
