Li Ka-Shing bets more on Facebook
Chinese billionaire Li Ka-Shing has increased his stake in Facebook from $60 million to over $100 million, and may invest more, according to Chester Yung over at MarketWatch.
With US dollars so cheap, it will be interesting to see if more foreign investors step in to snap up premium equity in hot sectors. Ka-Shing and Germany’s Samwer brothers are two foreign investors in Facebook that participated in the big recent round at a reported $15 billion valuation.
October 9th, 2008 at 12:31 pm
[...] probably somewhere between $300-$400 million in the bank from a combination of recent equity investments and debt financings, it makes sense for Facebook to make sure they build out a widely used platform [...]