$2.4 billion Google stake for sale

SIMON DUKE 

From:The Sunday Times (UK) 

February 11, 2013 12:00AM

THE former Ivy League academic who helped transform Google into the world's most powerful internet and media company is to sell $US2.5bn ($2.4bn) worth of shares in the search engine.

Chairman Eric Schmidt is taking advantage of a surge in the Google stock price to a record high of $US785 last week to almost halve his holding. The move will see Mr Schmidt gradually offload 3.2 million of his 7.6 million shares over the coming 12 months.

Source: theaustralian.com.au