Google Selling More Shares to Finance Expansion Plans

Summary


SAN FRANCISCO (AP) -- Google Inc. plans to sell another 5.3 million shares of its prized stock, hoping to raise more than $2 billion to finance its ambitious plan to expand beyond its Internet- leading search engine.

The move comes just two days before Google's closely watched stock will be added to the Standard & Poor's 500 index -- a breakthrough that snapped the company's shares out of a recent funk.

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Google Selling More Shares to Finance Expansion Plans

In a Securities and Exchange Commission filing late Wednesday, Google said it expec...

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