Yahoo! Gets Bigger Stake in Google
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Google will issue stock worth some $300 million or more to settle a simmering dispute with rival Yahoo! (YHOO Quote).
The search engine giants said Monday they settled two major disagreements with a deal that will give Yahoo! 2.7 million Google common shares.
That stock would be worth between $292 million and $365 million, based on the offering price range Google estimated in a recent filing. Google filed in April for a closely watched initial public offering that Wall Street expects to take place as soon as next week.
Monday's agreement, disclosed in a Google filing with the Securities and Exchange Commission, settles litigation over patents held by Yahoo's Overture Services subsidiary, as well as a disagreement over Google shares issuable to Yahoo! in connection with a warrant held by Yahoo!. ...
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