Interpublic Group sold about half of its stake in Facebook for $133 million to an undisclosed buyer.
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The private equity fund owned by U2 front man Bono, Elevation Partners, has seen its initial $210 million investment in Facebook quadruple in value, to $750 million dollars, with the recent growth in the social network’s valuation to $50 billion.

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Goldman Sachs’ $450 million investment would have the giant social network to continue its growth without having having to publicly report financial information — unless the Securities and Exchanges Commission changes its rules.
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According to a report from BusinessWeek yesterday evening, Zynga has raised an additional $147 million from Softbank. More importantly, the investment helps Zynga gain distribution. As Douglas MacMillan and Yoshinori Eki write, “Softbank and Zynga have discussed distributing and jointly promoting games through Softbank’s mobile-phone service in Japan and other countries”.
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The New York Times has released initial details about the Facebook employee stock purchase plan from Digital Sky Technologies (DST). As I wrote back in May, DST invested $200 million and announced plans to purchase up to $100 million “from existing common stockholders that would facilitate liquidity for current and former employees’ vested shares in the company”.
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