Joseph Tartakoff
Aug 17, 2010 7:30 PM
Friendster, the long-time social networking site, which was purchased by Asian payment company MOL Global late last year, is moving away from its roots as a general social networking site. MOL Global CEO Ganesh Bangah told Philippine reporters this week that his company is planning to transform the site into…
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E-Commerce, Payment Systems, Social Media, Community, Companies, Facebook, friendster
Rafat Ali
Dec 10, 2009 12:02 AM
The long and colorful saga of an independent Friendster is over, for now. As expected, it has been acquired, by the Malaysian company MOL Global Pte, which is an affiliate of MOL AccessPortal Berhad, a company that operates and develops payment systems in Asia. The principal shareholder of MOL is…
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Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, friendster
Tameka Kee
Dec 3, 2009 7:12 PM
Social network Friendster put itself on the block this summer, and now it appears that the company could be sold by the end of December. CEO Richard Kimber told Reuters the company was currently negotiating with a “shortlist” of potential buyers, but a source told the pub that the deal…
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Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Countries, Asia, friendster
David Kaplan
Jan 20, 2009 9:33 AM
Although Friendster has long been eclipsed in the U.S. by MySpace and Facebook, it has never gone away; it just traveled overseas, mainly to Asia where it continues to be popular. The social net is continuing its Asia/Pacific buildup with new offices in Singapore and Sydney, Australia. The company has…
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Advertising, Marketing, Social Media, Countries, Australia & New Zealand, Asia, friendster
Tameka Kee
Nov 17, 2008 6:31 PM
Social network Multiply.com has received $5 million in funding from ABS-CBN, one of the Philippines’ largest media companies. ABS-CBN has acquired a five percent stake (or 2.5 million shares) in Multiply as a result, Business Mirror reports, with the option to invest $4 million more for a total of a…
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Money, M&A & Venture Capital, Venture Capital, Social Media, Countries, Asia, friendster, multiply.com, philippines
Amanda Natividad
Oct 3, 2008 12:56 PM
Making like Bebo, Friendster has announced it now supports both Facebook’s code and OpenSocial, CNET reports. The move effectively enables Fbook app developers to port their apps to Friendster and to choose between Fbook and *Google’s* OpenSocial APIs when launching apps on Fbook. Last year, Friendster launched its developer platform…
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Social Media, Community, Companies, Facebook, Google, friendster, opensocial
David Kaplan
Aug 27, 2008 3:09 PM
With ad agencies like WPP Group increasingly focused on Asia, Nicholas Guan, a social media researcher at the ad holding company’s OgilvyOne unit, decided to look at the prospects for marketers considering ads across Facebook. The verdict: Facebook is fine for reaching Americans and those educated in the west, but…
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Advertising, Research & Metrics, Metrics, Social Media, Companies, Facebook, Countries, Asia, friendster, malaysia
Rafat Ali
Aug 5, 2008 12:26 AM
Friendster has closed its new round of funding, in progress for most of this year, and it is a big one: it has raised $20 million in a new round, and the pioneer is now shifting its focus, wisely, to where it is strongest: in Asia. The round was led…
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Money, M&A & Venture Capital, Venture Capital, Social Media, Countries, Asia, friendster, idg ventures, richard kimber
Rafat Ali
Dec 12, 2007 5:50 AM
Two “old school” social networks have opened up, and Bebo is announcing later today:—LinkedIn: Borrowing a cue from Facebook and others, business social net LinkedIn will let developers build app for its site, and added an activity feeds for its users connections. It has also launched a beta version of…
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Social Media, Companies, Adobe, Liberty Media, LinkedIn, bebo, friendster
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