Google Stock is Windfall for Stanford University
An AP newswire article, via SFGate.com, reports that:
Stanford University has made $336 million on the sale of its 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 the Mountain View, Calif.-based company in exchange for allowing Google to use key Internet search technology developed by company founders Sergey Brin and Larry Page while they were graduate students at the university. Stanford holds the patent on the technology, which the university licenses to Google under a multiyear deal.
posted by Fergie @ 12/01/2005 09:12:00 AM
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