Sunday, 22 December 2013 17:21

Zuckerberg sells his shares in order to pay taxes

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Mark Zuckerberg, founder and CEO of Facebook, will sell shares in the company valued at $2.3 billion to pay the taxes. It's just part of the offer of 70 million shares of Facebook, which will go on sale.

Zuckerberg will sell 41.35 million shares from this package. And one of Facebook's investors, Marc Andreessen will also sell 1.6 million shares, while the remaining 27.05 million will represent a completely new shares.

Since the value of one Facebook's share on Thursday was $54, the value Andreessen package is about $86.4 million. Facebook plans to use the funda gained from the sale of shares for working capital and other general corporate purposes.

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Read 2219 times Last modified on Sunday, 22 December 2013 17:25

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