[glug-t] Google rejects microsoft takeover bid

Internet search leader Google has rejected a takeover bid from Microsoft in 
favour of selling its sh ares directly to the public, The New York Times has 
reported. Google wishes to sell only about $2 billion worth of shares to the 
public. The company wants to fund expansion and reward company workers and 
early investors.

Microsoft's bid for the privately held company was termed a merger and 
underscored the huge value attached to Google, which was founded five years 
ago by two Stanford University graduates, Sergey Brin and Larry Page. They 
worked together to start developing "A little something" that would make it 
easier to search the "Internet"

They and other senior executives have in recent weeks been interviewing 
investment banks with a view to taking the company public at a valuation of 
$US15 billion to $US25 billion ($21 billion to $36 billion).

The name Google is a wordplay on "Googol", which is one of the largest 
numbers we have a name for, namely 10100.

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