Published in News

Facebook gets more cash


$60 million from
Hong Kong

Social networking
site Facebook has managed to close a $60 million investment deal with Hong Kong billionaire, Li Ka-shing.

This brings Li Ka-shing's investment in Facebook to $120 million, or 0.8 percent share of Facebook. The next biggest shareholder is Microsoft, with 1.6 percent.

Now Facebook has a
lot of money to expand its operations, although quite what it will do seems to be a mystery to many analysts.
Last modified on 28 March 2008
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