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Facebook Selling Shares For Acquisition Cash

Don’t call it a selloff, but everyone’s unloading Facebook shares, this week. Facebook itself is planning a secondary sale of 70 million shares, which will amount to nearly $4 billion -- some of which it plans to spend on acquisitions, AllThingsD reports. Mark Zuckerberg, meanwhile, is selling 41.4 million shares, the majority of which he is expected to use to pay off taxes on some 60 million shares he is getting via stock options.
 

Read the whole story at AllThingsD »

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