Yahoo! founders 'Jerry Yang and David Filo' to sell 5million shares

Yahoo! founders will be selling up to 5 million shares of Yahoo stock “In a filing with SEC, Yang said he’s selling 3 million shares via a blind trust, while Filo said he would sell up to 2 million shares as part of a prearranged trading plan beginning this May. If both men sell all […]

Share online:

Yahoo! founders will be selling up to 5 million shares of Yahoo stock “In a filing with SEC, Yang said he’s selling 3 million shares via a blind trust, while Filo said he would sell up to 2 million shares as part of a prearranged trading plan beginning this May. If both men sell all those shares—which would fetch about $75 million at current market prices—they would cut their overall holdings in the company by about 4% (together, they owned 133 million shares last April),” reports paidContent.

About The Author

Deepak Gupta is a IT & Web Consultant. He is the founder and CEO of diTii.com & DIT Technologies, where he's engaged in providing Technology Consultancy, Design and Development of Desktop, Web and Mobile applications using various tools and softwares. Sign-up for the Email for daily updates. Google+ Profile.