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He sold his shares for $12.90 each, offering buyers a 3.4 percent discount to the trading share price at the time.
The "stickiness" of liquidity is especially evident in derivatives trading, in which exchanges not only create their own products (as opposed to trading share listings) but also control trade clearing and settlement systems.
The sleekly amoral Gordon Gekko, played by Michael Douglas, makes a fortune through insider trading, share ramping, and asset-stripping, and his protege Bud Fox, played by a young Charlie Sheen, comes along for the ride.
"One of the points of the alliance is that we collectively want to grow share rather than just trading share with each other," Mayer said of the deal, adding that Yahoo plans to grow impressions by trimming its roster of mobile apps from 60 to about a dozen, and getting consumers to spend more time on Yahoo's websites to boost its ad revenue.
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Guillaume Hannezo, the former chief financial officer, is being investigated on suspicions of insider trading, share-price manipulation and providing false information.
In after-hours trading, shares continued rising.
During regular trading, shares fell 1.4 percent, to $16.12.
In regular trading, shares rose 76 cents, to $43.25.
In after-hours trading, shares of Groupon fell 13 percent.
On March 24th, they started trading shares in the stockmarket itself.
In after-hours trading, shares were up more than 10 percent.
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