Google co-founders to sell $5.5B combined in stock# Stock
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SAN FRANCISCO (AP) -- Google Inc. co-founders Larry Page and Sergey Brin are
relinquishing some of their control over the Internet search leader with
the sale of 10 million shares worth $5.5 billion at current prices.
Under a plan disclosed Friday, the longtime business partners 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, both 36, w
relinquishing some of their control over the Internet search leader with
the sale of 10 million shares worth $5.5 billion at current prices.
Under a plan disclosed Friday, the longtime business partners 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, both 36, w