$60 million from Hong Kong
Last modified on Friday, 28 March 2008 14:43
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.