Hot on the heels of Friendster's recent face-lift, the onetime social-networking pioneer has found a buyer.
MOL Global, a Malaysian online payment company, has agreed to purchase Friendster, the companies announced late Wednesday. Terms of the deal were not revealed, but rumors last week said a likely asking price would start around $100 million.
"This combination is a natural progression of our relationship and will be an industry-changing event," Richard Kimber, chief executive officer at Friendster, said in a statement. "The new combined entity gives Friendster the kind of financial backing, retail distribution, and e-commerce infrastructure … Read more