Company raises $4.18 billion in stock sale to fuel growth

Thursday, Sept. 15, 2005 | 9:55 a.m.

Google Inc., the most-used Internet search engine, raised $4.18 billion in a stock sale that will fuel acquisitions and product development to fend off advances by Yahoo! Inc. and Microsoft Corp.

Google sold 14.2 million shares at $295 each, the Mountain View, Calif.-based company said today in a statement. The follow-on offering, the biggest in at least 10 years, is more than double the size of Google's August 2004 initial share sale.

The stock has surged 6.3 percent since Google first announced the sale.

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