Saturday, February 9, 2013

Google boss Sell Shares Valued at U.S. $ 2.5 billion

TEMPO.CO, Washington - Google Inc. boss Eric Schmidt, plans to sell 3.2 million shares of class "A" which is worth U.S. $ 2.5 billion in the next year. In a written statement submitted to the Capital Market Commission and the United States Sekurita, last Friday, Google said sales management that nearly 42 percent of the shares owned by Schmidt, amounting to 7.6 million shares kela A and B. The amount is equivalent to 2.3 percent or 8.2 percent of Google's stock voting rights. 



The sale is part of a long-term strategy to diversify assets Schmidt and private liquidity. With this stock trading plans Schmidt able to diversify its investment portfolio and can distribute stock trading within a period of one year to reduce market impact. 



Google shares rose 1.5 percent on Friday, and a new record at U.S. $ 785.27, which makes the value of stock sales to U.S. $ 2.51 million. In the list of billionaires in September 2012 - while Google's stock reached a value of U.S. $ 700 for the first time - Forbes named Schmidt at position 138 in the world, with a fortune worth U.S. $ 7.5 million.

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