Google (Google) registration sale 749,625 Baidu shares
Google (Google Inc.) Submitted to the United States Securities and Exchange Commission (Securities and Exchange Commission) documents show that the company has been registered, to sell all its online network technology company in Baidu (Baidu.com Inc.) Held 749,625 shares.
Google Tuesday in 144 make such registration form.
Baidu last year, an initial public offering (IPO), Google spent about $ 5 million, buy its class a shares issued about 2.6%. by Baidu’s current share price, Google bought this part of the stock is worth more than US $ 60 million.
Baidu is also known as the “Google of China”, was listed last August. Baidu United States depository shares debut 151.31 has reached a high of $, much higher than US $ 27 per share in an initial public offering (IPO) price. February 6 this year, the stock fell to a low of $ 44.44 points.
Latest Baidu down 4.98%, to $ 80.2; Google dropped 0.54% to us $ 399.95.
News source: the Wall Street Journal