For sale: Class B & C Google shares. Starting price, $4.4billion

Fancy investing in a little bit of Google?

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If you’ve typed Google into Google to try and break the internet, you’ll have already seen the news. It’s up for sale! Well, $4.4billion could possibly be sold off anyway by co-founders Larry Page and Sergey Brin.

It’s a plan that had been in place since January and is starting to be pushed through as they both sell four million of their shares each split across Class B and C stock at a cost of around $550 per share.

The pair both held approximately 44.6million shares of Class B stock and the same number of Class C stock collectively, with each classification dictating the amount of say a shareholder has in the company, meaning they will still be clear and away the heads of the Google Family.

The way the classifications work is rather interesting. A Class A shareholder is welcome to one vote per share, whilst Class B holders, like Page and Brin, tower down with 10 votes each per every share. Class C stocks are essentially the under 16s of the group with no voting right.

And even with selling off two million Class B and two million Class C shares, the duo will still be head henchos with 52% of the voting right despite their economic interest only being at 13.1%, meaning it’s not worth upsetting them yet or they may end up with a horse’s head emoticon in their inbox.

What’s more, every Class B share sold on the stock market will instantly be converted into a Class A devaluing their power considerably.

The dual-class structure is fairly common place amongst big businesses now in order to protect the voting power of founders and owners. Chairman of Google, Eric Schmidt, also has stocks in the same class as Sergey and Larry, which gives members of the elusive club “super-voting” powers. Both Facebook and LinkedIn also use the same structure with Mark Zuckerberg ensuring he doesn’t get poked out, owning only 20% of Facebook but having the majority say in the social media channel.

It’s not yet clear when the Google market will open, with the SEC filing which brought the news not specifying. Perhaps they’ll post a Google Ad.

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