08/08/2008 05:12 am ET | Updated May 25, 2011

Google Developing Venture Capital Arm, Maybe, Again: Report

Google is revisiting efforts to create a venture capital arm, according to a report on The Wall Street Journal's Web site Wednesday night.

Google senior VP David Drummond is expected to lead the effort, according to people who were briefed on the discussions. The group has also hired former entrepreneur William Maris, 33, to help set up the venture, the newspaper reported.

The search engine has played with the idea before, and the plans could still fall through.

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