Stanford Reaps Windfall From Google Stock Sale
From Associated Press
Stanford University has made $336 million on the sale of stock holdings in Google Inc., the Internet search engine giant created by two of the university’s graduate students.
Stanford received 1.8 million shares of Mountain View, Calif.-based Google in exchange for allowing the company to use key Internet search technology developed by Google founders Sergey Brin and Larry Page. Stanford holds the patent on the technology, which the university licenses to Google under a multiyear deal.
