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The Wall Street Journal: Meta Platforms Proposes Acquisition of Minority Stake in Venture Capital Firm NFDG

Summary: According to The Wall Street Journal, Meta Platforms is proposing to acquire a minority stake in the venture capital firm NFDG. The company was founded by its newly hired AI head Nat Friedman and Daniel Gross. This tender offer acquisition will allow limited partners of the fund to partially exit at the current valuation and ...

According to The Wall Street Journal, Meta Platforms is proposing to acquire a minority stake in the venture capital firm NFDG. The company was founded by its newly hired AI head Nat Friedman and Daniel Gross. This tender offer acquisition will allow limited partners of the fund to partially exit at the current valuation and quickly cash out. The two founders have gradually stepped back from NFDG.

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Link: The Wall Street Journal: Meta Platforms Proposes Acquisition of Minority Stake in Venture Capital Firm NFDG [Copy]

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