Google is selling part of its stake in Zynga, the creators of FarmVille, in a second offering of Zynga’s shares.Check Out The Big Paydays Zynga’s Top Executives Are About To Get >
It’s selling around 4 million shares of its 23-million share stake for $12 per share, which will net it around $47.5 million.
Google’s stake in Zynga is altogether worth around $280 million after a $100 million investment.
By comparison, Union Square Ventures invested in Zynga’s first round of funding, when it raised $10 million, and its stake is worth around $370 million.
Business Insider Emails & Alerts
Site highlights each day to your inbox.