Yahoo Sells Off 2.3 Million Google Shares, Nets $191 Million
Aug 29, 2004, 12:00 AM
Just weeks after settling a patent dispute with Google that yielded it a bigger stake of Google's shares, Yahoo Inc. announced the sale of 2.3 million of shares of Google stock at $82.62 apiece. The sale netted $191 million. Google gave Yahoo 2.7 million shares of its stock to settle the dispute. Google shares began trading on Aug. 19, following its IPO.