Tuesday, January 4, 2011


"Thomas Heilmann, co-founder of German advertising agency Scholz & Friends AG, sold his stake in Facebook Inc. before Christmas, Tagesspiegel reported.

Heilmann told the newspaper he bought a stake in the social networking website “in the area of one-tenth of a percent” at the beginning of 2009, without specifying the exact size of the share. The current valuation of Facebook is “crazy,” Heilmann said in an interview with Tagesspiegel.

Heilmann has invested in Internet companies such as Pixelpark AG and Xing AG, Tagesspiegel said in an e-mailed version of an article today."

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