Google finally splits stock after 2 years of announcement
Washington: Google has finally split its stock officially, nearly two years after it first announced its move.
Under the terms of the split, the company will introduce a new category of Class C stock, which will trade the GOOG ticker.
However, it will not carry any voting power, the Mashable reported.
The company`s shareholders will be entitled to one share of Class C stock for each share of Class A stock they own, while the original Class A shares will trade under a new stock ticker, GOOGL.
Meanwhile, a third class of stock A and Class B," which carries 10 votes per share and is largely held by Google founders Larry Page and Sergey Brin and Executive Chairman Eric Schmidt , will ensure that the three top executives will maintain voting control over the company even as they sell off their shares over time, the report added.
More from India
More from World
More from Sports
More from Entertaiment
- Watch - IIT-Kharagpur develops superpower drone 'BHIM' that could aid soldiers in war zones
- Is Pakistan terrified of Yogi Adityanath as Uttar Pradesh CM?
- Anti-Romeo squad launched: Has moral policing started in UP?
- Ayodhya dispute: SC asks parties to solve matter amicably, offers mediation
- Should Ram Mandir issue be resolved through mutual understanding?
- This fiery speech by Yogi Adityanath in Parliament on communal riots is setting internet on fire - MUST WATCH
- Bhagat Singh, Sukhdev, Rajguru were hanged on 23 March 1931 – This is how PM Modi paid tribute today
- Kapil Sharma fight on flight row: Did Sunil Grover, Ali Asgar and Chandan Prabhakar skip shoot?
- Mohammad Kaif welcomes Yogi Adityanath's appointment as new Uttar Pradesh chief minister
- Unable to meet educational expenses, Muslim girl writes to PM Narendra Modi – Know what happened next