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T. Rowe Price Nabs a Chunk of Facebook

Baltimore-based T. Rowe Price thinks Facebook is a good investment. Good enough that they've claimed a bit of it for their own.

From the article:

"T. Rowe invested a total of $190.5 million in the social-networking giant, paying $25 a share for stock it distributed across nearly 20 funds, according to the filings. It isn't immediately clear what value that puts on Facebook.

The Baltimore-based mutual-fund company also disclosed an investment of $71.8 million in Zynga Inc. and a total stake of about $35.4 million in Angie's List."

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