Google has set aside $30bn as it mulls foreign takeover targets
GOOGLE has set aside a warchest of up to $30bn (£17.8bn) overseas in order for the US search giant to pursue foreign takeovers according to a regulatory disclosure made in December and published on Tuesday.
The disclosure also revealed that Google’s hunt has already led it close to a purchase worth $4bn to $5bn for an unnamed foreign firm in 2013, but it decided against the deal.
“We continue to believe that it is reasonable to forecast that Google needs between $20bn to $30bn of foreign earnings to fund potential acquisitions of foreign targets and foreign technology rights from US targets in 2013 and beyond,” Google said in the disclosure.