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KPCB Buys Facebook Stake

Kleiner Perkins Caufield & Byers has acquired a small stake in social-networking site, Facebook.

Kleiner Perkins Caufield & Byers (KPCB) has acquired a small stake in social-networking site, Facebook, The Wall Street Journal reports. The U.S. venture capital firm will invest around $38 million from its debut Digital Growth Fund.

KPCB is buying shares at a $52 billion valuation of Facebook. The $750 million vehicle has so far invested $253 million in five companies, which also include two social-media players, Groupon and Twitter.

Click here for the story from The Wall Street Journal.

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