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Multiply.com

Naspers Buys ‘Controlling Interest’ In Social Networing Site Multiply.com

Joseph Tartakoff

Sep 20, 2010 1:17 PM

Naspers, the South African media company which owns stakes in a number of digital properties, including Facebook-backer Digital Sky Technologies, has bought a “controlling interest” in social site Multiply. Multiply, which was founded in 2004, was initially positioned as a “mature” alternative to MySpace (NSDQ: NWS), providing users with more…

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Posted In: Money, M&A & Venture Capital, Venture Capital, Companies, Facebook, News Corp., MySpace, Countries, Asia, Philippines, Japan, multiply.com, naspers

Social Net Multiply.com Gets $5 Million From Philippines Media Firm ABS-CBN

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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Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, Countries, Asia, friendster, multiply.com, philippines

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