New Google Share Classes Issued as Founders Cement Grip
This article is for subscribers only.
More than 330 million new shares of Google Inc. landed in the U.S. equity market today, completing a two-year process through which Sergey Brin and Larry Page are cementing control of the world’s third-biggest company.
Stock in the largest search-engine owner is effectively splitting via a dividend distribution, with the price of existing Google A shares, which hold one vote each, falling by about half.