{"id":47626,"date":"2023-10-20T15:54:24","date_gmt":"2023-10-20T15:54:24","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/could-googles-next-acquisition-be-australian-startupsmart\/"},"modified":"2023-10-20T15:54:24","modified_gmt":"2023-10-20T15:54:24","slug":"could-googles-next-acquisition-be-australian-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/could-googles-next-acquisition-be-australian-startupsmart\/","title":{"rendered":"Could Google\u2019s next acquisition be Australian? – StartupSmart"},"content":{"rendered":"
In what could be good news for Australian startups, various media reports suggest Google told US regulators that it could spend as much as $30 billion of its offshore cash reserves to buy foreign companies or technology rights.<\/p>\n
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The revelation was made on Wednesday in response to questions from the US Securities and Exchange Commission, with Google revealing plans to spend the bulk of the money it is amassing outside the country on acquisitions.<\/p>\n
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Google told the SEC that about half of its revenue came from outside the US as of the end of last year.<\/p>\n
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