Google to Spend $1 Billion on UK Headquarters

As one IT giant stumbles, another one rises. Reuters reports that Google is investing $1 billion in its new UK headquarters, just as Sony announced it would be selling its NYC headquarters for $1.1 billion,

The company purchased a 2.4 acre plot of land in London's Kings Cross Central development, where it plans to build a 1-million-square-foot office.

Once built, the office could be worth up to $1.6 billion, according to one of Reuters' sources.

"This is a big investment by Google, we're committing further to the UK -- where computing and the web were invented. It's good news for Google, for London and for the UK," said Google's Vice President for Northern and Central Europe Matt…
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