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SourceForge investor Marlin Sams buys 800,000 shares for 20.6% stake
By Lisa Kerner
Charlotte, N.C., June 4 - SourceForge, Inc. investors led by Marlin Sams Fund LP bought 800,000 shares of the company's stock between June 1 and June 3 priced from $1.14 to $1.15 each.
The transactions were reported in a schedule 13D/A filed with the Securities and Exchange Commission on Thursday.
With the purchases, the investors increased their ownership in the company to 20.6%.
William M. Sams beneficially owns 13.2 million shares of the Mountain View, Calif.-based company's outstanding stock.
SourceForge owns and operates a network of media web sites serving IT professionals.
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