Is Milner unloading Facebook at the perfect time?
Me thinks so...
Russian Internet company Mail.Ru Group may sell its Facebook stake
after company’s expected initial public offering, the Russian firm’s
co-founder and chief executive told Dow Jones Newswires Monday.
Mail.Ru may sell its 2.38% stake in Facebook if the market valuation is “good
enough,” Dmitry Grishin said in an interview at an annual technology event Tech Crunch in Moscow.
Mail.Ru Chairman Yuri Milner is an investor in dozens of hot U.S.
tech companies, including Groupon, Zynga and Facebook. The Wall Street
Journal recently reported Facebook is eyeing an IPO in the second quarter of next year at a hoped-for valuation of more than $100 billion.
Grishin said Mail.Ru will decide whether to sell the stake depending on how high the number is once the IPO actually happens.
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