Credit: Arthur Osipyan Google, the world’s leading search engine, is purchasing its current Mountain View, Calif., headquarters from four commercial real estate companies, and the search giant will pay $319 million, the Associated Press reports via the New York Post.The purchase includes the company’s “Googleplex,” a term coined by techies to describe the group of buildings that makes up Google’s “nerve center,” according to the AP.The news comes from Securities and Exchange Commission filings Google submitted on Wednesday, and the company hopes to put the finishing touches on its purchase by July, the AP reports.Google started leasing its current 1-million-square-foot headquarters in 2003, and because its previous occupant, high-performance computer producer Silicon Graphics, filed for bankruptcy and still holds some contractual agreements with the owners, the deal requires the approval of a local bankruptcy court, according to the AP. The company also needs the OK of the city of Mountain View, because it has a number of ground leases on the land to be bought, the AP reports. Google will have to dole out $315,000 a month to Mountain View to buy out the leases, and it will face annual rent increases of 4 percent to 7 percent, according to the AP.Google currently employs some 7,000 staffers, and it recently announced roughly 1,800 job listings, the AP reports. Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by Freshworks When your AI chatbots mess up AI ‘hallucinations’ present significant business risks, but new types of guardrails can keep them from doing serious damage By Paul Gillin Dec 08, 2023 4 mins Generative AI brandpost Sponsored by Dell New research: How IT leaders drive business benefits by accelerating device refresh strategies Security leaders have particular concerns that older devices are more vulnerable to increasingly sophisticated cyber attacks. By Laura McEwan Dec 08, 2023 3 mins Infrastructure Management case study Toyota transforms IT service desk with gen AI To help promote insourcing and quality control, Toyota Motor North America is leveraging generative AI for HR and IT service desk requests. By Thor Olavsrud Dec 08, 2023 7 mins Employee Experience Generative AI ICT Partners feature CSM certification: Costs, requirements, and all you need to know The Certified ScrumMaster (CSM) certification sets the standard for establishing Scrum theory, developing practical applications and rules, and leading teams and stakeholders through the development process. By Moira Alexander Dec 08, 2023 8 mins Certifications Certifications Certifications Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe