Friendster Shopping Itself Around In Asia

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Friendster Shopping Itself Around In Asia

Postby snwmark » Sun Aug 02, 2009 9:51 pm

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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