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by jeevestobs 3598 days ago
There's details of this on page two of this Business Insider article.

http://www.businessinsider.com/how-mark-zuckerberg-booted-hi...

"His plan: Reduce Saverin's stake in TheFacebook.com by creating a new company, a Delaware corporation, to acquire the old company (the Florida LLC formed in April), and then distribute new shares in the new company to everybody but Saverin."