Larry-Sergey to Sell 10 Million of Their Google Shares
Google founders, Larry Page and Sergey Brin are planning to sell Five million each of their shares for next coming five years. Currently these two founders own 57.7 million shares of google which is 18% of the google's market value. Both hold 59% of the voting power as well.
After the five year plan is complete, they will own around 47.7 million shares, dropping their interest in Google to around 15% of its capital stock and 48% of its voting power. This equates to a transaction of $2.25 billion, based on the current value of a share of Google, $550.01.
This step was taken by the duo to diversify there investment.
Source : Mashable.