March 30, 2008
2:11 am
Techcrunch reports that, Hong Kong telecom giant Hutchison Whampoa’s, chairman, Li Ka-shing has raised his stake in Facebook by another $40 million plus, in addition to his $60 million, that he had previously invested. This brings his total personal investment in the U.S. social networking site to at least $100 million. No word on whether Facebook’s $15 billion valuation has changed from when Li Ka Shing first joined Microsoft in putting money into the company.
Li Ka-shing, Li Ka Shing, Hutchison Whampoa, Telecom, Hong Kong, Facebook, Microsoft, Investment, Finance, Stock, Social Media, Social Network
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