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Google has 36 billion dollars of cash on hand, so they had the money, they apparently weren't willing to bid more than pi billion though.
by ericflo 15y ago
Google has 36 billion dollars of cash on hand, so they had the money, they apparently weren't willing to bid more than pi billion though.
- megablast 15y agoA minor point, but they certainly do not have $36B cash on hand, they have it in assets that can be liquidated reasonably quickly, but companies do not keep $36B lying around, or in the bank. It is stashed in short term investments.
- ddemchuk 15y ago"Cash – As of December 31, 2010, cash, cash equivalents, and marketable securities were $35.0 billion." http://investor.google.com/earnings/2010/Q4_google_earnings.html http://investor.google.com/earnings/2010/Q4_google_earnings....
- nikcub 15y agowhat investors refer to as 'cash on hand' doesn't literally mean a room full of bills or a bank account. a 'cash asset' is anything that can be theoretically converted back into cash quickly and with little trouble (tbills, term deposits, bank accounts, any AAA+ funds, etc.) for eg. if the Greek government owed me $1B, I wouldn't call that cash on hand, but if the US government owed me $1B, it is
- chalst 15y agoNot just any short-term investments: I think they have to be with investment banks, or invested in certain highly liquid, highly rated vehicles such as money market accounts, treasury bills, or short-term AAA-rated government debt.
- joshwa 15y agoAccording to the article, they bid up through $4 billion but eventually "tapped out".
- ohashi 15y agoIf I read correctly, they actually bid up to 4 billion before dropping out.