IPG Sells Half of Facebook Stake for $133 million

Return on $5 million investment

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

The global marketing communications company Interpublic Group has reached an agreement to sell about half of its stake in Facebook for $133 million in a privately negotiated transaction. An IPG rep said the company is not disclosing the buyer, the number of shares sold, or the price paid per share.

When IPG made its initial investment in June 2006, the company paid under $5 million for a stake of less than half a percent, a holding sources valued at around $200 million in January when Goldman Sachs put a $50 billion valuation on Facebook.



Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in