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Replies to post #7332 on Cafe Serendipity Holdings Inc. (CAFS)
amadeus
06/06/14 5:02 PM
#7333 RE: cccc17 #7332
The founder and CEO of online gaming company Zynga was an early investor in Facebook in 2004, alongside his friend Reid Hoffman. Both men put $40,000 into the company, according to David Kirkpatrick’s book The Facebook Effect. Pincus is selling 1.01 million shares—about one fifth of his stake in the company, which would bring him $35 million (pre tax) if the shares go at the top of the range. Pincus will still hold on to 4.3 million shares, worth $150 million with shares at $35.
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