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Yahoo wants more shares of Google IPO

5.5m shares not enough..

     
5:11 pm on Jul 28, 2004 (gmt 0)

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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.

[latimes.com...]

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.

[thisislondon.co.uk...]

8:07 pm on July 29, 2004 (gmt 0)

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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!

2:30 pm on Aug 2, 2004 (gmt 0)

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Yahoo is already suing Google over PPC technology so that wouldn't be out of the question.