U2 lead singer Bono's investment firm could look at a profit of nearly $ 800 m on its stake in Facebook. Photo: Samir Hussein/Getty ImagesU2 lead singer Bonoinvestment firm could look at a profit of nearly $ 800 m on its stake in Facebook, it has emerged.
The social networking site has just been valued to a fantastic $ 65bn-up from $ 50bn in January- after the sale of a stake of advertising and marketing giant Interpublic Group.
Interpublic was an early investor in Facebook and has just sold half of his 0.4% share in the group for $ 133 m £ 81 m, valuing the site at more than $ 65bn.
This values U2 's Elevation partners games at $ 975 m-more than four times the $ 210 m it paid in November 2009.
Interpublic Group CEO Michael Roth said "attractive opportunity" to sell some of the games had presented itself and it "makes sense" to do.
IPG does not reveal the number shares it sells but said that the sell-off would see a ultimonettoværdi gain of about $ 132 m.
Facebook is now one of the elevation stellar investments. When it bought the equipment, which is difficult to obtain in-company was warm but worth a relatively "modest" $ 9bn.
In June last year, it was worth $ 23bn, and in December last year, Goldman Sachs, canvassed for his wealthy private clients on a potential investment opportunity, had valued it at $ 50bn.
So it looks to Elevation partners got caught in a very profitable moments.
Earlier this year Forbes named U2 as one of the world's highest paid musicians, having taken $ 736 m and profits of about $ 195 m-from record sales and concert receipts in the last two years.
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