T. Rowe Price Invests $190.5 Million In Facebook

 By 
Sarah Kessler
 on 
T. Rowe Price Invests $190.5 Million In Facebook
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T. Rowe Price said that it had paid $25 per share for Facebook stock, which it distributed over 19 different mutual funds. It also disclosed previously reported but unconfirmed investments of $71.8 million in Zynga and an $86.8 million stake in Groupon.

The filings were made public on the company's website. In the past, the firm participated in a $100 million round for Twitter and has also invested in Ning and YouKu.com.

Collectively, these investments are a small percentage of the $482 billion the company has under management, but they do indicate a growing interest in privately held web startups as investment opportunities.

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