NEW YORK, Nov 30 (Reuters) - Hong Kong tycoon Li Ka-shing has invested $60 million in fast-growing social network
Facebook, with an option for an additional $60 million, the All Things Digital blog reported on Friday.
Citing sources with knowledge of the deal, All Things Digital said Li is making the investment through a separate entity from the companies he controls, which include Cheung Kong Holdings Ltd and Hutchison Whampoa Ltd.
The investment follows Microsoft Corp’s deal last month to take a 1.6 percent stake in privately held Facebook for $240 million, valuing at $15 billion a company that lets users keep track of their friends online. >>>Full Article
