Reuters exclusively reports that Facebook shareholders seeking to sell $1 billion stake

Reuters broke the news on April 27 that a group of Facebook shareholders are seeking to offload about $1 billion worth of shares, in one of the largest transactions involving the worlds top online social network. The transaction would value Facebook at more than $70 billion, sources told Reuters, and points to a growing wariness among early-stage investors that the company cannot maintain its blistering growth rate. Reuters reported that the sellers previously tried to offload shares at a price that would value Facebook at $90 billion, but they had to lower their offer after buyers balked. The Reuters story was picked up by New York Times Deal Book, Dow Jones MarketWatch, Business Insider, paidContent, Gawker, John Carneys CNBC blog and Vanity Fair. Bloomberg followed with a headline touting Facebooks $1 billion private share sale in a profile about SecondMarket.