Thread: Larry Page and Sergey Brin selling 10 million Google Shares

Google Inc. co-founders Larry Page and Sergey Brin plan to sell 10 million shares worth $5.5 billion at current prices. They will still control 48% of Google after the sale.

Google co-founders to sell $5.5B combined in stock - Yahoo! Finance

I was thinking about the 48% control over Google, but then I read this;

Falling below the 50 percent threshold might not matter because they run Google as a ruling triumvirate with the company's chief executive, Eric Schmidt, whose shares hold 10 percent voting power.

These guys are just awesome, eh

Originally Posted by bogart

Google Inc. co-founders Larry Page and Sergey Brin plan to sell 10 million shares worth $5.5 billion at current prices. They will still control 48% of Google after the sale.

Google co-founders to sell $5.5B combined in stock - Yahoo! Finance

They felt the market shifting

Hi

Let me check my purse. *Looking, looking,* Nope I don't have an extra $5.5 billion at this moment. LOL

I'm just a dummy but someone might invent a better mouse trap and those shares could be worth nothing.

Sami

Is that going to be chunk change for the boys and will they spend the money the same way Tiger Woods spends his chunk change

It's saying something that they are taking $5.5 Billion off the table.

They each sold about $1.2B in shares in the 18 months after the IPO.

I guess it doesn't take long to run through a billion dollars in their circles.

I suppose they are doing this to introduce some capital to google for there future prospects and since eric schimdt hold another 10 % there should not be any problem of control for them as they go above 50 %

Originally Posted by weirdnessme

I suppose they are doing this to introduce some capital to google for there future prospects and since eric schimdt hold another 10 % there should not be any problem of control for them as they go above 50 %

I don't believe that they are selling the shares for capital for Google. Google can issue more shares should they need capital and I believe that Google has cash.

I don't even think that Google pays any dividends to the shareholders?

Nope no dividends...I'm not 100%, but don't "Think" they've ever split either...