Last December 6, I have posted an article here.. saying that Friendster will be sold for $100 million bucks… luckily or unluckily(coz Friendster is not that popular anymore) Malaysian Tycoon — Tan Sri Vincent Tan – principal shareholder of MOL Global Pte. Ltd., the company who bought the Social Networking site.. Financial terms of the deal were not disclosed.. he is also the chairman and CEO of Berjaya Corp. Berhad, a Malaysian conglomerate with more than $1.8 billion in annual revenues.

“The merger with Friendster will continue to transform the social-networking industry,” Ganesh Kumar Bangah, MOL president and chief executive, said in a news release.

The company said it plans to use those holdings, which include Starbucks, 7-Eleven, Borders, Krispy Kreme, Wendy’s and Papa John’s Pizza franchises, to extend the reach of social networking in Southeast Asia.

Friendster, founded in 2002 by computer programmer Jonathan Abrams, was the early king of social networking in the United States, but was eventually surpassed first by MySpace and now by Facebook, which has 350 million members worldwide.

Will this development can further enhance the image of Friendster in Asia..?

Source: SFGate

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