Yahoo Sells Google Shares for $191 Million
From Associated Press
Yahoo Inc. sold $191 million in Google Inc. stock this week, cashing out some of the 2.7 million shares Google gave Yahoo this month to settle two lawsuits.
Yahoo reported selling the Class A shares Tuesday at $82.62 apiece, even though Google traded at $103.57 to $111.60 that day.
Yahoo and Google declined to comment on the stock sale.
Yahoo shares rose 13 cents to $29.30, and Google fell $1.76 to $106.15. Both trade on Nasdaq.
