- (DPA) -- Internet search leader Google has rejected a
takeover bid from Microsoft in favour of selling its shares directly to
the public, The New York Times has reported.
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- Microsoft's bid for the privately held company was termed
a merger and underscored the huge value attached to Google, which was founded
just five years ago by two Stanford University graduates, Sergey Brin and
Larry Page.
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- They and other senior executives have in recent weeks
been interviewing investment banks with a view to taking the company public
at a valuation of $US15 billion to $US25 billion ($21 billion to $36 billion).
-
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- According to The New York Times, Google wishes to sell
only about $US2 billion worth of shares to the public.
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- The company wants to fund expansion and reward company
workers and early investors.
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- Copyright © 2003. The Sydney Morning Herald.
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- http://www.smh.com.au/articles/2003/11/02/1067708070338.html
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