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Alphabet to Issue Shares to Raise Up to USD80B, Incl. USD10B Investment from Berkshire Hathaway
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Alphabet Inc. (GOOGL.US) will issue shares to raise up to USD80 billion to fund substantial investments in AI projects. Of the total, USD40 billion will be raised through market-priced issuance of Class A and Class C shares, USD30 billion through underwritten offerings and mandatory convertible preferred shares, while the remaining USD10 billion will stem from an investment by Berkshire Hathaway (BRK.A.US). It is rare for a large listed company to conduct equity financing of such magnitude. Alphabet stated that AI is driving the company into an expansion phase, and the company will be able to expand its infrastructure to support humungous growth opportunities in the future by scaling up its investments. Alphabet's shares fell 0.72% in after-hours trading to USD373.66. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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