Hard to believe, but that's what TechCrunch said yesterday:
Jed Smith, the Catamount Managing Director who sits on the board of Second Life’s parent company, Linden Labs, confirmed today that they did sell part of their holdings - 10% - to a third party eight months ago. But he would not comment on the price of the sale. A source with knowledge of the company has said it was well above half a billion, but declined to name a specific price.
While I think that Second Life is a very interesting platform with a few USPs, which no one else dared to replicate so far ... this sounds a bit far fetched. What seems to be substantial is the sale of shares. The valuation is just a rumor so far.
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