GSV Boosts Stakes In Facebook, Twitter In $21M Outlay

Law360, New York (November 28, 2011, 8:33 PM ET) -- GSV Capital Corp. has increased its investments in Facebook Inc. and Twitter Inc., and acquired shares in a number of Internet-related companies in outlays totaling $21 million, the company said Monday.

GSV, which went public in April, sunk about 30 percent of its total net asset value into the investments in the time period after Sept. 30, it said in a statement. GSV put $3.9 million, or $31.20 a share, into Facebook, and $1.6 million, or $4.85 a share, into Twitter, according to a November regulatory...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required