AdMob Backers Unloading Google Shares (GOOG)
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…
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
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.