Zuckerberg To Sell Facebook Shares Worth About $2.3 Billion

(Reuters) - Facebook Inc's Chief Executive Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion as part of an offering of 70 million Class A common shares of the social network.

Facebook shares were down 4 percent at $53.54 before the bell.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Saumyadeb Chakrabarty)

More to come.