Facebook snags another 40 million investment
Published by Rodney Rumford March 28th, 2008 in Facebook, Facebook News.
Hong Kong tycoon Li Ka-shing said Thursday he has increased his personal investment in social networking site Facebook to more than US$100 million, and might invest even more. He had previously invested 60 million at the same time that microsoft invested a few months back.
“Facebook is doing very well and we could have some synergy between the 3G services of Hutchison and Facebook, so the customers could use Facebook on mobile phones,” Li said during an earnings news conference for his company Hutchison Whampoa Ltd.
I strongly suspect that they are looking at additional ways that facebook can tie into the mobile technology space since he is heavily involved in these areas.
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