Google Inc. (NASDAQ: GOOG) filed on Friday evening to sell up to 1,076,123 shares of common stock. The stock is all being filed on behalf of shareholders related to the acquisition of AdMob, Inc., so no proceeds are headed into the company here. Among the venture capital firms also getting to sell from the large investment in AdMod are Accel Partners, Draper Fisher Jurvetson Partners, and Sequoia Capital.
Considering that this is close to $500 million in shares today, it might be a big deal at other internet companies. At Google, this would hardly be noticed at all. Its market cap is approximately $150 billion.
JON C. OGG
Sponsor: 3 Recovery Stocks to Own Now – Get the names of the best cheap stocks to rebuild your wealth in 2010 and beyond.
Top Gaining Stocks
Top Losing Stocks