The co-founders of internet search leader Google Inc are selling 10 million shares worth $5.5bn at current prices, AP has reported. Larry Page and Sergey Brin will each sell 5 million Google shares during a five-year period that will commence with the first trade. The sales will occur periodically to lessen the chances of hurting Google's stock price. Page and Brin will remain Google's most influential shareholders, although they will be losing some of their clout.
You might also like...
UAE rides high on non-oil boom
26 April 2024
Qiddiya evaluates multipurpose stadium bids
26 April 2024
Al Ula seeks equestrian village interest
26 April 2024
Morocco seeks firms for 400MW wind schemes
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.