Friday, April 15, 2011

T. Rowe Price Invests in Facebook, Zynga

Mutual fund company T. Rowe Price has invested $190.5M in Facebook, according to the WSJ today. According to the report, T. Rowe Price paid $25 a share for stock in Facebook, part of a set of private investments disclosed by the firm this week. Other investments included $72M invested in Zynga, and $35.4M invested in Angie's List. It's unclear if those stakes were made directly in those companies, or via secondary share acquisitions.