$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