Interpublic Facebook stake valued at $200-$300 million: report (Reuters)
PHILADELPHIA (Reuters) – Advertising group Interpublic Group owns a wager in Facebook that could be valued at roughly $200 meg to $300 million, The Financial Times reported.
The exact filler of the wager has not been disclosed, but grouping near to Interpublic feature it owns slightly inferior than a half percent of Facebook, the production said in its electronic edition. Interpublic paid inferior than $5 meg for the wager in 2006, the production said.
Interpublic's wager of 0.4 percent would be worth $200 million, based on a Facebook valuation of most $50 billion, the production said.
Interpublic could not be immediately reached for comment.
(Reporting by Jessica Hall; Editing by Dhara Ranasinghe)
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