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 Stanford University�s Barter Deal With Google Has Huge Pay Off!

Katherine Ku, director of Stanford University office of Technology Licensing reported that the university has made $336 million on the sale of its stock in Google Inc., the Internet search-engine giant created by two of the university�s graduate students.

Stanford received 1.8 million shares of Google in exchange for allowing Google to use key Internet search-technology developed by company founders Sergey Brin and Larry Page while they were graduate students at the university.

Stanford holds the patent on the technology, which the university licenses to Google under a multi-year deal.