Mathew's comments: Ad agency takes stake in Facebook
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Josh · 3 years agoMathew, If I read this right, Interpublic group is getting More than just .5 percent, they are also getting $10 million in advertising. This would push the (estimated) valuation downwards, as it is not a straight cash-for-shares deal. Someone please tell me if my brain is not working properly and I'm misreading the story.
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Mathew Ingram · 3 years agoYou're right, Josh. They will of course be getting the value of the advertising as well, although I don't think that changes the overall math that much. But good point.
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Paul K. · 3 years agoI hate to rain on this billion-dollar parade, but the $2-billion valuation is pretty dubious stuff. Dan Primack says that insiders tell him there is a big disconnect between the equity buy, the ad spending, and Facebook's valuation. How big? Dan's insider says the valuation is still sitting around $550m, where it was earlier this year.