The document outlines the establishment of a Guernsey-based company, Osborne/Burda Investments Limited, to invest $60 million in emerging internet/social media companies. The company will focus on capital growth through minority stakes in private companies, with returns realized upon public listing. The structure involves Participating Preference Shares (PPS) for investors and ordinary shares for Osborne and Burda. The investment vehicle is designed for minimal regulation and tax efficiency, avoiding a 'fund' structure. Future investments may involve further PPS issues or a new company.
documents/EFTA01121888.pdf
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