$60 Million More Goes to Facebook
According to Kara Swisher, Asian billionaire Li Ka-shing (not to be confused with Ka-Ching) has invested $60 million in Facebook. According to the article, Providence Equity Partners and other investment groups have dropped out of negotiations due to crappy terms. Apparently no investor gets a seat on the board, including Microsoft who recently invested $240 million for 1.6 percent of the company.Â
Some had speculated that Facebook would no longer be able to close any investment rounds due to the extremely high valuation that Microsoft set.
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