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Google co-founders Larry Page and Sergey Brin plan to steadily sell off up to 10 million shares of stock over the next five years, according to an SEC filing. At today’s closing price of $550, those shares would be worth $5.5 billion if sold immediately. Although the two co-founders hold Class B shares with super-voting rights, if they sell all 5 million shares, their voting control will drop from 59 percent today to 48 percent. From the filing:

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This entry was posted on Sunday, January 24th, 2010 at 6:01 and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.