US venture capital company Accel has sold a large share of its Facebook holdings

Source: Internet
Author: User
Keywords Shares VC companies
Tags company facebook facebook shares media media reports sources sources said

According to foreign media reports, sources said the U.S. venture capital company Accel has sold its large number of Facebook shares.

Accel has a 10% stake in Facebook before selling Facebook shares. Accel in 2005 to buy the shares in 12.7 million dollars. The news shows that Accel has sold 20% of its Facebook shares, meaning that Accel is currently holding about 8% of Facebook's shares.

It was reported that the investment company Marvell Crossover Ventures bought a 200 million dollar Facebook stake. Another source said that Andreessen Horowitz, an investment firm, had bought Facebook shares worth 80 million of dollars.

Analysts say that although the news has not been confirmed. But it is clear that Accel has now sold a lot of Facebook shares, and at least Andreessen Horowitz is one of the buyers.

Elevation, the US private-equity firm, last year bought $90 million worth of Facebook shares at $9 billion trillion, and elevation also bought $120 million worth of Facebook shares at the beginning of the year with a 14 billion dollar valuation.

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