Fidelity Owns Google?
CNN is reporting that FMR, the parent corporation of Fidelity Investments, owns 5.2 million shares of Google, which amounts to 15.5% of the 33,603,386 shares of outstanding stock. This news was revealed in a regulatory filing FMR made with the SEC, pushing Google's stock up $3.44 to close at $105.75. Of course, Google stock owners hold much less sway in the direction of the company than do investors in most companies, and Fidelity's stake looks much smaller compared to the 237,616,257 shares being made available over the next 5 months.
- posted by Nathan Weinberg @ 9/11/2004 08:51:00 PM