Bloomberg reports that because Google has so much cash (more than $10 billion and growing very quickly), it’s subject to SEC regulations as a mutual fund. Why? More than 40% of its assets are liquid, and Google wants to invest those funds in high yielding instruments, just like a mutual fund might.
Time to buy someone, Google…
Wow, that’s an amazing position to be in. Any ideas on who might be bought out next?
I could think of more challenging positions to be in! I bet the CFO wasnt too concerned when he found that they had the problem of too much cash 😉
Is that a “For Sale” sign I just saw pop up on this site? 😉