Eduardo Saverin Sold Facebook Shares To DST

We’d previously reported that Facebook Co-Founder Eduardo Saverin sold some of his shares in the company prior to its initial public offering filing with the Securities and Exchange Commission. And now, we know the buyer.

Bloomberg reported that the updated prospectus Facebook filed with the SEC Wednesday detailed the “Saverin Agreement.”

Saverin agreed to sell an undisclosed number of his shares to Digital Sky Technologies, which was already a major shareholder in the social network.

DST and its affiliates now own 5.4 percent of outstanding Facebook shares, according to the original prospectus that the social network filed on February 1.

Related Stories
Mediabistro Course

Social Media 201

Social Media 201Starting October 13, Social Media 201 picks up where Social Media 101 left off, to provide you with hands-on instruction for gaining likes, followers, retweets, favorites, pins, and engagement. Social media experts will teach you how to make social media marketing work for your bottom line and achieving your business goals. Register now!