AdMob Backers Unloading Google Shares (GOOG)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published

Invalid Image
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.

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

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.

Continue Reading

Top Gaining Stocks

HPE Vol: 153,197,465
ENPH Vol: 8,360,053
GLW Vol: 18,152,646
APTV Vol: 6,761,325

Top Losing Stocks

TTD Vol: 21,905,513
INTU Vol: 7,383,018
CTRA Vol: 73,319,495
CBOE Vol: 5,000,011
HP
HPQ Vol: 29,259,826