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January 13, 2014 10:35 pm GMT

Rizvi, SV Angel And Groupe Artemis Are Buying Square Shares, Secondary Offering Values Company At $5B

68147v18-max-250x250-1In December, The Information reported that payments company Square was considering funding a secondary tender offer for employee shares at a $5 billion valuation. We're hearing from sources close to the transaction that Square has initiated this tender offer, at a $5 billion valuation (up from $3.25 billion at the company's last round of funding).

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/dDVmj5QOGN0/

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