GOOG: Google To Buy Facebook?

Facebook, the Web site where students around the world socialize and swap information, has put itself on the block, The owners of the privately held company have turned down a $750 million offer and hope to fetch as much as $2 billion in a sale.

Google Inc. (GOOG) may periodically sell up to 5.3 million shares of stock according to a regulatory filing on Wednesday.

At its current share price of $394.98 a share, a sale of 5.3 million shares would raise nearly $2.1 billion for the Mountain View, California-based Internet powerhouse.

Now what would Google do with that 2.1 billion dollar?