Google Inc. is planning to start a venture capital arm, The Wall Street Journal said on its Web site late Wednesday, citing several people briefed on the discussions.
David Drummond, the Internet search leader's senior vice president of corporate development and chief legal officer, would lead the investment business, the report said. It added that William Maris, a former Web hosting entrepreneur, had also been hired recently to help set up the unit.
However, a source familiar with the company's thinking told news service Reuters that any decision to move ahead with a venture capital unit was "in very preliminary stages and that no firm decisions had been taken." - Donna Block
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