Facebook float may pay €1.1bn for Bono

ONCE dubbed "the worst investor in America", U2 front man Bono is looking pretty shrewd these days.

Last week it emerged that social media giant Facebook is limbering up to raise €7.5bn in a stockmarket flotation early next year. This sale of 10 per cent of the firm would value the company at an extraordinary €75bn.

Bono is one of the key players in California private equity group Elevation Partners, which has spent over €156m for ... Indepentend.ie