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Andreessen Horowitz sells down Facebook stake

12 Nov 2013

US venture capital firm Andreessen Horowitz has partially exited its stake in social networking giant Facebook, selling 2.28 million shares for between $49 and $50 each.

The firm will continue to own 4.57 million shares, Reuters reported.

Andreessen Horowitz co-founder Marc Andreessen is a director at Facebook. He founded the Silicon Valley-based VC firm alongside former Opsware CEO Ben Horowitz in 2009. The Silicon Valley-based VC firm has $2.7bn under management.

The firm recently hired former chief operating officer of Cisco’s WebEx unit Arthur Johnson as an operating partner.

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