Accel Selling Big Chunks Of Facebook Stock

Sometime in the last week or so, we've heard from multiple sources, Accel Partners has sold very significant chunks of Facebook stock. So significant, in fact, that their ownership percentage has dropped to a point where they are no longer the largest venture shareholder in the company.

Prior to the sale they had somewhere around 10% of Facebook. They paid just $12.7 million for that stock, in 2005. Our understanding is they sold somewhere around 20% of that position, meaning they own 8% or so of Facebook now.

So who bought it, and what was the price?

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