Hong Kong Billionaire Invests 60 million into Facebook

NEW YORK, Nov 30 (Reuters) – Hong Kong tycoon Li Ka-shing has invested $60 million in fast-growing social networkfacebook Facebook, with an option for an additional $60 million, the All Things Digital blog reported on Friday.

Citing sources with knowledge of the deal, All Things Digital said Li is making the investment through a separate entity from the companies he controls, which include Cheung Kong Holdings Ltd and Hutchison Whampoa Ltd.

The investment follows Microsoft Corp’s deal last month to take a 1.6 percent stake in privately held Facebook for $240 million, valuing at $15 billion a company that lets users keep track of their friends online. >>>Full Article


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