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Yahoo wants more shares of Google IPO 5.5m shares not enough.. Chndru
Google said in a filing with the Securities and Exchange Commission that it was in talks to settle a dispute over a grant of options it issued with an unidentified company. A Yahoo spokeswoman confirmed that her company was the one referred to in the Google filing.
INTERNET pioneer Yahoo! is reportedly seething over its allocation of just 5.5m shares in the upcoming Google float as controversy over the sky-high price of shares announced on Monday rolls on.
Yahoo!, headed by chairman and chief executive Terry Semel, is demanding more shares from upstart Google in a contract dispute stemming from the partnership that the two companies formed in 2000.
5.5 Million shares at an opening price of $180 means just under $1 billion (Who argues over $10 mil at that price point)?.
Worth a court case of 2 to fight for some more!
Yahoo is already suing Google over PPC technology so that wouldn't be out of the question.