Remember Friendster?
They finally found it. I am hoping that FaceBook follows their path.
Then someone swoops in a grabs it…
MOL Global to Acquire Friendster
MOL Retail and Payment Channels and Leading Online Social Network Combine to Form Massive Content Distribution and E-commerce Platform in Asia for Over 100 Million Users
KUALA LUMPUR, MALAYSIA – December 10, 2009 – MOL Global Pte. Ltd. (“MOL Global”), an affiliate of leading online payment solutions provider MOL AccessPortal Berhad (“MOL”), and Friendster, Inc. (“Friendster”), the operator of a top global web site based on traffic and a leading social network in Asia, announced today they have entered into a definitive agreement under which MOL Global will acquire 100% of Friendster. The principal shareholder of MOL is Tan Sri Vincent Tan, the Chairman and CEO of Berjaya Corporation Berhad, a leading, diversified Malaysian conglomerate that has annual revenues in excess of US$1.8 billion. Following the acquisition, the operations of MOL and Friendster will be combined to create Asia’s largest end-to-end content, distribution and commerce network, pairing MOL’s offline retail channel partners and payment platform with Friendster’s large online footprint, social network and user community in Asia.