Talk about a wise investment: Interpublic Group of Cos. paid less than $5 million in 2006 for a stake in Facebook. After selling about one-half of that stake to an undisclosed buyer in August 2011, for $133 million, IPG unloaded the rest of its share of the social network Tuesday for $95 million in cash.
Work with the former marketing director at Conde Nast Digital to improve your search rankings, integrate social, and increase traffic to your blog! Starting November 5, Jim Hopkinson will teach you how to analyze KPIs, monetize your blog through ads, sponsorships, and affiliates, and leverage your blog toward a larger platform such as publishing, speaking, or consulting. Register now!
Interpublic Group sold half of its stake in Facebook for $133 million to an undisclosed buyer.