Business & Finance

Google chairman to sell $2.5 bn of shares

WASHINGTON: Google's Chairman Eric Schmidt plans to sell 3.2 million "A" shares, currently worth $2.5 billion, over th
Published February 8, 2013 Updated February 8, 2013 11:54pm

 

The sale amounts to 42 percent of Schmidt's 7.6 million Class A and Class B shares in the company, a 2.3 percent stake in the company, but 8.2 percent of voting power.

 

 

Copyright AFP (Agence France-Presse), 2013