Malaysian tycoon buys networking site Friendster
KUALA LUMPUR, Dec 10 (AP) -- Malaysian tycoon Vincent Tan announced a deal to buy Friendster, a social networking site that still retains a strong following in Southeast Asia after losing in global popularity to Facebook and MySpace.
Tan's online payment systems business will buy 100 percent of Friendster through an affiliate company, according to a joint statement Thursday.
The two companies will be combined so Tan's business empire can sell content such as games, movies, music and other products to Friendster's 115 million members, using his company's electronic payments system. Tan's businesses include retail franchises in Southeast Asia such as Starbucks, 7-Eleven, Borders, Krispy Kreme, and Wendy's. - + selanjutnya
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