Alphabet Inc (NASDAQ:GOOG) has increased the size of its previously announced equity financing package, lifting the total potential raise to $84.75 billion from an earlier target of $80 billion, as the company moves to accelerate investment in artificial intelligence…
frastructure and compute capacity. In a filing with the Securities and Exchange Commission (SEC), the company said that the updated structure includes a mix of public share sales, preferred depositary offerings, a private investment, and a planned at-the-market (ATM) program
The increase reflects higher participation across components of the deal as Alphabet expands funding for data centers and AI-related capital expenditures. As part of the transaction, Berkshire Hathaway has agreed to invest $10 billion in a private placement, purchasing $5 billion each of Class A and Class C shares at prices of $351.81 and $348.20, respectively. The investment is positioned as an anchor commitment within the broader capital raise.
In the public offerings, Alphabet is selling approximately $18 billion of Class A and Class C common stock combined, up from $15 billion previously planned. The company also upsized its depositary share offerings to $16.75 billion, compared with an earlier $15 billion target. The depositary shares represent interests in mandatory convertible preferred stock.