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Old 05-10-2012, 11:40 AM   #184
seattleflamer
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Default Facebook to Fund New Seattle Arena...sort of

From the Seattle Times: http://seattletimes.nwsource.com/htm...seattle_s.html

Hansen who is interested in building a new arena and bring back the NBA is going to have a tidy profit from the upcoming Facebook IPO:

Seattle basketball fans may have a reason to cheer for Facebook's upcoming public stock offering.
One of the early investors who stands to make a quick fortune on the deal is Chris Hansen, the San Francisco hedge fund manager trying to develop a new arena in Seattle and bring an NBA team back to town.
Hansen bought private Facebook stock in 2010 that's worth up to $1.27 billion at the high end of Facebook's IPO plan, according to a Forbes story. It estimates that Hansen paid up to $500 million for the shares.
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