GSV Capital Takes Facebook Stake at $70B Valuation

GSV Capital Corp. has acquired a small stake in Facebook at a valuation of about $70 billion, Reuters reported. The firm bought up 225,000 shares at an average price of $29.28 per share. Facebook has roughly 2.4 billion outstanding shares, Reuters reported. Woodside, California-based GSV Capital invests in high growth, venture capital backed companies.

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