TECH CRUNCH -- July 27 --
Friendster is actively looking for a buyer and has hired investment bank Morgan Stanley to find a party interested in acquiring the company or at least some of its assets. The fact sheet that we obtained shows that Friendster/Morgan Stanley are gunning for a buyer who wants to gain quick access to the Asian social networking scene. One thing we couldn’t gather from the documents is the price Friendster is hoping to get.
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