Elevation Said to Buy Additional $120 Million Stake in Facebook
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Elevation Partners LP, the private-equity firm whose founders include Bono and Roger McNamee, added to its stake in Facebook Inc. with a $120 million investment, according to a person familiar with the matter.
Elevation, which bought the shares from equity owners in private transactions, has invested a total of $210 million in Facebook at an average valuation of $14 billion, said the person, who declined to be named because the recent ownership hasn’t been publicly disclosed.