NEW YORK: Interpublic Group has sold its remaining holdings in Facebook for $95 million and increased its existing share repurchase program by $100 million.

Last August, IPG sold about half of its investment in the social network. It formed the strategic alliance with Facebook in 2006.

"The value of the investment we made in Facebook in 2006 has increased significantly during the last six years," said Michael Roth, chairman and CEO of Interpublic, in a statement. "We decided to sell our ...