Friday, June 16, 2006

Google to buy its headquarters for $319M

The Mountain View, Calif-based company disclosed the purchase from four commercial real estate companies in Securities and Exchange Commission documents filed Wednesday. Google wants to close the sale by the end of the month.

Since Google began renting its current headquarters in 2003, the property — located near a former garbage dump — has evolved into a technology temple renowned for hiring some of the world's smartest engineers and pampering its employees with perquisites that include free meals around the clock.

The nearly 1-million-square-foot headquarters also has turned into a wealthy enclave, thanks to Google's high-flying stock.

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