Thursday, December 6, 2007

Li Ka-shing's interest in Facebook???

Li Ka-shing's interest in Facebook Inc., which aligns with a number of his other recent new-media investments, gives Facebook more funding for its growth efforts and could help the start-up with its coming international expansion.

The Hong Kong billionaire has acquired a 0.4% stake in the social-networking site for $60 million, according to people familiar with the matter.

Mr. Li, chairman of the Hong Kong conglomerate Hutchison Whampoa Ltd. and one of Asia's richest men, is making the investment through his personal foundation, the Li Ka-shing Foundation, the people said. The investment in the closely held, Palo Alto, Calif., company ...


Bernard Hay

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