Google is on Sale?

Rumors in Silicon Valley show that Larry Page and Sergey Brin, the founders of Google, plan to sell part of their company in the next five years. The reason? Harnessing that their roles are up and earn some money with it, duh.

Currently the pair owns 57.7 million shares of the company, representing 18% of its value market and guarantees them 59% of voting power within his advice. According to a proposal filed at the Commission of Securities and Securities – government agency which among other things regulates the sale and purchase of companies – each of them has agreed to sell five million of its own shares in the coming years, reducing its weight the advice to “only” 48% and fatten their respective bank accounts in US $ 5.5 billion (R $ 10 billion). Not bad.

Despite owning less than half of the web giant, Sergey and Larry continue to be its largest shareholders, as the other 2% missing for the resumption of full control of the company may be in the hands of its president, Erich Schmidt or a committee formed by employees and loyal investors. [TechCrunch via FayerWayer]

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