Google Sets Share Price; Estimated Proceeds: $2.065 Billion

Google has the price of its new batch of Class A common stock at $389.75 per share; with 5.3 million shares being issued, that should raise approximately $2.065 billion.
So what will Google do with all that cash added to the billions already on hand? Better yet, if you were Googlers, what would you do in today’s environment with a spare $2 billion? One billion alone could buy 100 or more no-biz-model Web 2.0 start-ups or 10 dMarcs or, well, you get the picture. Feel free to share your ideas.

Update: Reuters: Google’s top triad — Sergey Brin, Larry Page and Eric Schmidt will each make $1 in salary in 2006 and will skip bonuses. Instead, they’ll rely on returns from their ownership stake in Google.

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