European Founders Fund acquires stake in Facebook

Germany based VC European Founders Fund EFF is said to acquire a stake in Facebook. Run by the three Samwer brothers (sold Alando to ebay, later Jamba to VeriSign) the European Founders Fund normally is known for smaller investments at early stages. Marc Samwer said that EFF’s stake would not match Microsoft’s but they would be the third biggest investor in Facebook after the software company and Hong Kong billionaire Li Ka-Shing.

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