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Facebook’s Saverin agreed to sell shares to Digital Sky in 2010

Eduardo Saverin, the co-founder of Facebook Inc. and former Harvard University classmate of Mark Zuckerberg, agreed to sell some of his stock to Digital Sky Technologies in 2010, according to a regulatory filing this week.

Facebook included an attachment in its updated prospectus, saying Digital Sky and the former Facebook executive entered into the so-called Saverin Agreement, which involved the transfer of shares. Digital Sky and a related party owned 8.2 percent of Facebook’s outstanding stock on Feb. 19, 2010.

Facebook, the world’s most popular social-networking service, filed to go public last week, seeking to raise $5 billion in the largest Internet IPO on record. Saverin, played by Andrew Garfield in the Oscar-winning film “The Social Network,” owned about 5 percent of Facebook, according to “The Facebook Effect,” which was published in 2010.

The Menlo Park, California-based company is considering a valuation of $75 billion to $100 billion in its IPO, people with knowledge of the matter said last month. Facebook said in its original prospectus last week that Digital Sky affiliates own 5.4 percent of the outstanding shares, signaling that the Russian-based investment firm has reduced its stake since 2010. Digital Sky has funded a variety of Internet companies in the past two years, including Groupon Inc., Spotify Ltd. and Zynga Inc.

Facebook also disclosed that Zuckerberg paid $100 to stockholders to cede their voting rights. Those holders included Digital Sky, Elevation Partners and Greylock Partners.

“This agreement is being entered into in exchange for a payment of U.S. $100 in cash,” Facebook said in the filing.

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