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Google Looking to Raise $3 Billion in Bonds

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    NEWSLETTERS

    Chris Hondros
    Larry Page and Sergey Brin joined forces in 1998 to bring Google to life ... and the Web has not been the same since.

    Hiring people, buying companies and lavishly taking care of employees is expensive.

    For the first time in its history Google is looking into corporate bonds to raise money. New CEO Larry Page is reportedly looking to net about $3 billion "to repay outstanding commercial paper and for general corporate purposes."

    The move does not mean that Google is hurting for cash. Quite the contrary actually.

    Despite giving employees a 10 percent raise across the board and adding 48 companies to its portfolio, Google is still sitting on $36.7 billion.

    Still Google saw a 54 percent uptick in spending last quarter and Page is being aggressive with the company's money since taking over the helm earlier this year.

    Needless to say Moody’s Investor Service gave the offering an AA2 rating.