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Google plans international acquisitions worth up to $30B, it tells SEC

2014-05-21 14:06:42| InfoWorld: Top News

Google plans to spend $20 billion to $30 billion of its of its accumulated international profits to fund potential acquisitions of non-U.S. companies and technology rights. The company disclosed its plans to the U.S. Securities and Exchange Commission (SEC) last year, in a document that was published Tuesday. The SEC had asked Google to describe its plans for reinvesting its undistributed earnings in greater detail.

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