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Google Finance, Govt, Policy and Business Issues Forum

    
Two Googles
This is how they avoided the SEC requirements all this time
pleeker




msg:1232068
 5:17 pm on Apr 26, 2004 (gmt 0)

News.com [news.com.com] has a NYT piece updating the IPO situation today, with this bit that was news to me:

Early on, it split itself into two companies, Google Inc. and Google Technologies, so that each would have fewer than 500 employees, according to a person who had been close to Google. That was important because the SEC requires companies with 500 shareholders and assets greater than $10 million to file financial statements and most of the other information they would have to disclose in a public share offering.

Early in 2003, the two companies were merged, in effect setting the date of April 29, 2004, as the deadline for Google to make the required disclosure.

Wonder why they re-merged the companies into one....?

 

lorax




msg:1232069
 5:25 pm on Apr 26, 2004 (gmt 0)

It would help make the company stronger from an investor's point of view - more diverse income base = more secure footing.

RBuzz




msg:1232070
 9:46 pm on Apr 26, 2004 (gmt 0)

Thanks Pleeker. I was pondering the possibility that they might split the company (ad tech/search tech?) but didn't know they had been split before.

Chris_R




msg:1232071
 1:46 pm on Apr 27, 2004 (gmt 0)

Interesting - almost seems like something a blackhat SEO would do.

So in other words - they have been using doorway companies.

Teknorat




msg:1232072
 11:56 pm on Apr 28, 2004 (gmt 0)

Lmao.

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