E-Commerce Blog

Malaysian tycoon Vincent Tan announced a deal to buy Friendster, a social networking site that still retains a strong following in Southeast Asia after losing in global popularity to Facebook and MySpace. Tan’s online payment systems business will buy 100 percent of Friendster through an affiliate company, according to a joint statement Thursday. The two companies will be combined so Tan’s business empire can sell content such as games, movies, music and other products to Friendster’s 115 million members, using his company’s electronic payments system.

Read more from the original source:
Social Network Pioneer Friendster Gets New Ownership

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This entry was posted on Thursday, December 10th, 2009 at 4:28 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.