Facebook has been “liked” by financial services holding company T. Rowe Price to the tune of $190.5 million.
During the past twelve months, the social networking giant has been pelted with more money than it’s executives likely know what to do with.
Just four months ago, Facebook closed a $1.5 billion round of financing with the likes of Digital Sky Technologies and Wall Street titan Goldman Sachs.
But as Facebook extends its reach into new territories with its sights set squarely on expansionary technologies and social media, the company is happy to take investments of faith and resources from T. Rowe Price, which paid $25 per share for Facebook stock.
According to the venerable financial services firm, shares of Facebook were distributed over close to two-dozen different mutual funds.
In addition to Facebook, T. Rowe Price also disclosed investments of $71 million in Zynga and another $86 million in Groupon, the Chicago-based dominant player in the daily deal industry.
T. Rowe Price’s investments were made public via the financial company’s official website.
