Interpublic sells half its Facebook stake for USD133m

Mon Aug 15 2011, 17:35 PM

Advertising agency Interpublic Group has sold approximately half of its stake in Facebook for USD133m. The firm first invested in the social network, which plans to launch an IPO sometime next year, in 2006. Interpublic expects to make a pre-tax profit of USD132m from the privately negotiated transaction.

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