Friendster Scooped Up by Malaysian Company

Was the site revamp launched by Friendster last week aimed at sprucing the social-networking site up for its new owners?

Kuala Lumpur, Malaysia-based MOL Global, which operates and develops online payment systems, announced its acquisition of 100% of Friendster, which has a strong user base in Asia, as 75 million of its 115 million registered users are based in the region, according to CNET.

The companies announced that the combined entity will maintain offices around the world including Mountain View, Calif.,

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