Resilient Media Entertainment

Wednesday, April 11, 2012

Crossroads for Pre-IPO Market

By RANDALL SMITH



In 2008, Gideon Yu, then the chief financial officer of Facebook Inc., began steering some former employees who wanted to sell shares in the social network toward a specific buyer.


The firm, Millennium Technology Value Partners, paid about $10 million to acquire stock from about a dozen former employees of Facebook, according to people familiar with the matter.


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