Google is amassing cash overseas to help finance a foreign shopping spree that could cost up to $30 billion.<\/p>\n
The potential price tag for Google’s international expansion plans surfaced Tuesday in documents disclosing the Internet company’s response to recent questions from the Securities and Exchange Commission.<\/p>\n
Pressed to provide more details about its plans for its overseas cash, Google revealed that $20 billion to $30 billion is being set aside for the acquisition of foreign companies and technology rights held outside the U.S. The Mountain View, California-based company didn’t specify a timetable for completing the deals.<\/p>\n
Google Inc. also says it might spend about $4 billion buying offices and data centers outside the U.S.<\/p>\n
Google’s overseas cash totaled $34.5 billion through March. Another $25 billion is held in the U.S.<\/p>\n
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