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Some Investors of Admob To Get Cash From Google, Instead of Stock

AdMob’s acquisition by Google (NSDQ: GOOG), announced yesterday for $750 million in stock, turns out is not all in stock. According to an SEC filing today by Google, 32 holders of AdMob preferred and common stock are not “accredited investors”, and according to public company rules that it has to follow, these unfortunate 32 will “receive only cash consideration unless the issuance of Google stock to them would comply with Rule 506, including the use by these holders of a ‘purchaser representative’ in accordance with Regulation D,” the filing says. Not clear how large a chunk these people have but likely either friend & family investors, or employees.