One Huge Sign That Google Inc (GOOGL) Will Splurge on New Hires and Acquisitions


In a program on The Street, Tata Terrigeno reported that Google Inc (NASDAQ:GOOGL) has struck a deal with The Blackstone group and Starwood Capital, according to which, the company has bought six new office buildings. The massive plunge in the real estate depicts Google’s expansion in the country and beyond. Google Inc (NASDAQ:GOOGL) has spent around $585 million to buy these new offices. The new buildings are near Pacific shore, 11 miles away from its Silicon Valley headquarters. Google has currently 55,000 full time employees and the company is looking to make new hires amid fresh acquisitions, new projects and endeavors.

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Google Inc (NASDAQ:GOOGL) has also signed an agreement regarding office lease. The company will spend around $1 billion till 2028 for this project. The latest real estate spree shows Google is going to start a new hiring frenzy after the holiday season. Google Inc (NASDAQ:GOOGL)’s spokeswoman, Meghan Casserly declined to comment on this news.

There will be a dedicated 38,000 square feet area for a fitness center, pool, gym and sports complex in the new Google Inc (NASDAQ:GOOGL)’s office space. Most of the buildings are class A offices. Terrigeno said that Google Inc (NASDAQ:GOOGL) is expanding along the Peninsula and the company’s latest move is one of the biggest moves in this regard.

Pacific shores center is one of the most beautiful areas for any corporate setup. It was established in 2000. Google Inc (NASDAQ:GOOGL)  has made another key move today. Google Inc (NASDAQ:GOOGL)’s CEO has made Sundar Pichai, practically the boss of every key department of Google. Pichai will now lead Google+, search, infrastructure and ads business of Google Inc (NASDAQ:GOOGL).

David Tepper’s Appaloosa Management hold around 600,000 Google Inc (NASDAQ:GOOGL) shares. Google is one of the most visited websites in the World.

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