Loose change for Li Ka-shing
According to AllThingsD.com, Hong Kong billionaire Li Ka-shing, aged 79 and named ninth richest person in the world by Forbes, has made an investment of $60 million in Facebook.
Last month, Microsoft beat Google in a race to invest in the hugely popular social networking mammoth with an investment of $240 which ultimately resulted in Facebook being valued at $15 billion, providing Microsoft with a mere 1.6% stake in the company.
Not to be deterred however, Li Ka-shing, chairman of Cheung Kong Holdings Limited and Hutchison Whampoa Limited, has made the investment via another investment entity and also has the option to invest a further $60 million if he wishes to do so.
AllThingsD.com also report that according to their sources, Facebook are still looking to raise further investments. Any readers out there have a few million to spare?
Source: AllThingsD.com