
Some analysts believe Google may be interested in expansion in China and making acquisitions to expend their current offerings. The offering leaves the company with about $7 billion in cash.
"They are obviously competing with a variety of companies that have large balance sheets, so it's a smart move for them to raise capital when they can, in order to be able to participate in the large (merger and acquisition) transactions that seem to be happening more frequently," Edwards said.More info at CNET.