paidContent.org - The Economics of Content

Current Story

Facebook Gets $60 Million Additional Investment From Hong Kong Billionaire Li Ka-Shing: Report

By Rafat Ali - Fri 30 Nov 2007 12:29 AM PST

Facebook has closed another big tranche of its planned funding round, this time from an unlikely source: Hong Kong billionaire Li Ka-shing, who has made an investment of $60 million, reports Kara on AllThingsD. Ka-Shing is better known as the chairman of Hutchison Whampoa (the network operator branded as 3 in many countries, including UK). The money is from his investment firm, and he has the option to invest another $60 million, the story says.

This comes after a $240 million investment from Microsoft (NSDQ: MSFT) announced last month.

Ka-shing is also the chairman of Tom Online, the Chinese portal which just went through a big restructuring as we reported earlier today. Tom Online will now focus on services, rather than news, and it may be that as Facebook enters China, Tom may enter into a partnership with it.

Posted in: Companies, Facebook, VC+M&A

Tags: li ka-shing

Related Research from Alacrastore.com
4 Responses:
Post Your Comment

Mobile Options

» Mobile/BB App
» Mobile/Wap Site

Send a News Tip

About

paidContent.org, flagship of the ContentNext Media network, provides global coverage of the business of digital content.

Rafat Ali
Publisher & Co-Editor

Staci D. Kramer
Co-Editor

David Kaplan
Senior Correspondent

Joseph Weisenthal
Correspondent

Robert Andrews
U.K. Editor

Amanda Natividad
Editorial Producer

EconAds Conference - The Economics of Ad Deals. Tuesday, June 3rd, 2008. The New World Stages, NYC

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters