Online search engine leader Google Inc. will surrender more than $300 million of its stock to Yahoo Inc. in a settlement that removes a legal threat hanging over its IPO at the expense of enriching a nettlesome rival. The agreement announced Monday gives Yahoo an additional 2.7 million shares of Google stock in exchange for dropping a patent lawsuit involving a crucial piece of online advertising technology.
August 10, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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