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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