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Scoring Big Off Web Searches

December 1, 2005, 2:37 pm

If Google is in fact taking over the world, as many tech-watchers claim, the company is leaving plenty of the spoils for Stanford University: The institution has turned its 1.8-million shares in the company into $336-million.

Stanford netted $15.7-million in August 2004, when it sold about one-tenth of its shares at Google’s initial public offering. And by selling more of its stock in Google to undisclosed buyers earlier this year, the university increased that figure more than twentyfold. (Associated Press)

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