Bono's Facebook stake worth nearly $1bn

Elevation Partners' stake is now valued at $975m - more than four times the $210m it paid in November 2010U2 frontman Bono's investment firm could be looking at a profit of almost $800m on its stake in Facebook, it has emerged. The social networking site has just been valued at an eye-popping $65bn - up from $50bn in January - following the sale of a stake by advertising and marketing giant Interpublic Group.Interpublic was an early investor in Facebook and has just sold half of its 0.4% share i...

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