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August 21, 2012 01:45 am GMT
PayPal co-founder and famed investor Peter Thiel has sold the majority of his shares in Facebook, according to an SEC filing.Thiel has sold 20.6 million Class A shares, leaving him with only 5.6 million shares, all of which are Class A.A significant portion of the filing seems to be on behalf of the Founders Fund, in which Thiel is a partner. Other entities named in the filing include Lembas LLC and Rivendell One LLC, both of which are Thiel holding companies and Lord of the Rings references.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YjoqeQjy6vY/
Update: Peter Thiel Sold Majority Of His Facebook Shares On Thursday In Deal Planned Pre-IPO
PayPal co-founder and famed investor Peter Thiel has sold the majority of his shares in Facebook, according to an SEC filing.Thiel has sold 20.6 million Class A shares, leaving him with only 5.6 million shares, all of which are Class A.A significant portion of the filing seems to be on behalf of the Founders Fund, in which Thiel is a partner. Other entities named in the filing include Lembas LLC and Rivendell One LLC, both of which are Thiel holding companies and Lord of the Rings references.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YjoqeQjy6vY/
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