Reuters logo
Peter Thiel sells most of remaining Facebook stake
November 22, 2017 / 5:25 PM / 23 days ago

Peter Thiel sells most of remaining Facebook stake

Nov 22 (Reuters) - Venture capitalist Peter Thiel, Facebook Inc’s first institutional investor, has sold three-quarters of his remaining stake in the social network, according to a regulatory filing on Tuesday.

Thiel, who is a member of Facebook's board, now owns 59,913 Class A shares in the company after selling 160,805 shares for about $29 million. bit.ly/2zd34za

Thiel sold roughly 20 million of his 26 million Facebook shares for $400 million following its stock market listing in 2012. (Reporting by Supantha Mukherjee in Bengaluru; editing by Patrick Graham)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below