Home » Uncategorized » Eric Schmidt plans to sell 42% stake in Google during 2013
Eric Schmidt of Google

Eric Schmidt plans to sell 42% stake in Google during 2013

Eric Schmidt of Google

Google has announced that chairman Eric Schmidt will sell 42% of his stake in the search giant over the coming 12 months, which is set to earn the ex-CEO an impressive $2.5 billion.

Schmidt hopes to sell 3.2 million of his shares spread out across 2013 so as to avoid effecting the company’s share prices which were currently at $785.37 on Friday of last week. This is not the first time the former Google CEO has hit headlines this year, last week it was revealed that he had once again criticized China’s censorship and alleged hacking a book which he has co-authored, and last month he made news again by visiting North Korea.

[ Source ]

About Andi Sykes

Andi Sykes it the founder of Gizchina.com. When he isn't writing about gadgets he is usually found in one of the many "phone cities" dotted around China.

Check Also

wii-oculus-rift-hoverboard

Try Oculus Rift And Wii To Roam Around On The Back To The Future Hoverboard

Check out how you can fly in virtual space by using an Oculus Rift and a Wii Balance Board.

131129-amz

Amazon Appstore for Android Holiday Deals, Including Free Apps

There are tons of deals from the Amazon Appstore that will be offered starting now and throughout the holiday shopping season. They say that they will have "hundreds of titles that are eitehr free... or available between 50-90% off" the regular price.

131129-google

Black Friday: Google Play Store Apps, Games and Content on Sale All Weekend

Case in point, if you head over to the Google Play Store right now, you'll find that Google is celebrating all Cyber Weekend with discounts on all sorts of content. This includes many popular apps and games

131129-gtab

Black Friday Deal: Samsung Galaxy Tab 3 10.1-Inch for $100 Off

Did you manage to score any epic Black Friday deals this morning? Are you still ...

131128-diy

Arduino Co-Creator Releases Plans for $200 DIY Mobile Phone

Mellis was one of the people who came up with the now hugely popular Arduino platform and now he has come up with plans for people to build their own cell phone for about $200 in parts.

131128-apple

No Discounts for Apple Black Friday, Just Free Gift Cards

If you were hoping to save yourself some cash as you brave the Black Friday shopping crowds, you'll want to go somewhere other than the official Apple Stores.