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Google Prepared To Spend $30B To Acquire Companies Outside U.S.

Google revealed in a U.S. Securities Exchange filing that it expects to spend up to $30 billion on foreign acquisitions as it expands into new markets categories such as hardware. Richard Waters explains that the insight was gathered from a letter to the Securities and Exchange Commission in response to questions from regulators about what it plans to do with its overseas cash -- about $34.5 billion as of the end of March.

Read the whole story at Financial Times »

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