Reuters: Private Equity: UPDATE 1-Zynga shareholders to sell 43 mln shares

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UPDATE 1-Zynga shareholders to sell 43 mln shares Mar 23rd 2012, 10:47 March 23 | Fri Mar 23, 2012 6:47am EDT March 23 (Reuters) - Zynga Inc shareholders will sell about 43 million shares in a secondary offering, the company said in a filing on Friday. At Thursday's closing price, the offering of Class A shares will raise about $591 million. Zynga, which went public late last year in a $1 billion IPO, said CEO Mark Pincus' voting share would come down to 35.9 percent from 36.5 percent after the sale. Private equity firm Kleiner Perkins Caufield & Byers and Union Square Ventures will also sell shares in the offering. Shares of the online games maker, which have risen 33 percent since the company went public, were down marginally in premarket trading on Friday. They had closed at $13.76 on the Nasdaq on Thursday.

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