Here’s What IPG’s Facebook Sale Means to the Rest of the World
We might not get a cut of this deal, but there's a lot we can learn from it
Interpublic Group made a smart play in 2006 and picked up some stock in Facebook at a nice, low price. And now, the ad conglomerate is cashing in – unloading half its stake through a private sale. That’s good for a pre-tax profit of $132 million. Not bad for a single trade, right? Well, there’s more to this than a simple transaction. In fact, IPG’s unloading the stock means a lot for the rest of us.
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