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Sunday, 22 December 2013 - 8:36
Facebook to sell shares
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Facebook chief Mark Zuckerberg will sell a chunk of his stake in the company, cashing in some 2.3 billion Dollars, as part of a new share offering by the huge social network.

A Facebook filing said the company would sell 70 million shares in a follow-on offering to the huge initial public offering in May 2012.

Of the total amount, Zuckerberg will sell around 41 million shares, mainly to satisfy his tax obligations.
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