December 20, 2005
The History of Google — Stanford Stocked Up and Out
Google’s search technology, contrary to popular belief, is not owned by Google themself. They are actually using technology that has been licensed to them by Stanford. Google technology has been patented by Stanford and they have a multi-year agreement for the usage. Along side of this agreement, Stanford owns, well rather owned, a little over 1.8 million shares of stock in Google. This was roughly about 10% of the company. Stanford recently sold most of these shares for $336 million.
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