Larry Page and Sergey Brin, the two billionaire co-founders of Google, would each sell 5 million of their Google shares over the next five years, according to an SEC filing.Since these two are the most significant shareholders they would need to report their plans to the company.

Currently the two men own approximately 57.7 million shares of Google – about 18% of Google’s market value and 59% of the voting power. After the five year plan is complete, they will own around 47.7 million shares, dropping their interest in Google to around 15% of its capital stock and 48% of its voting power. This equates to a transaction of $2.25 billion, based on the current value of a share of Google, $550.01.

Now the point is Why would the founders sell their shares of Google, even though the stock has risen dramatically in recent years ?  The answer is diversification, so that to pave the way for new and dynamic people to take Google to new heights.It’s the same thing that Bill Gates has done for years in order to diversify his profile and give him the flexibility to invest in other endeavors, such as his foundation.This process is made use so as to improve the flexibility and make new innovations click.

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