Need Help? Contact the Espiya Helpdesk. CLICK HERE


Author Topic: Malaysian tycoon buys networking site Friendster  (Read 10435 times)

Kayne

  • Deep Penetration Agent
  • Active - Top Level
  • *
  • Posts: 552
  • Karma 40
Malaysian tycoon buys networking site Friendster
« on: December 11, 2009, 02:30:38 am »
By EILEEN NG,Associated Press Writer

KUALA LUMPUR, Malaysia – Malaysian tycoon Vincent Tan announced a deal to buy Friendster, a social networking site that still retains a strong following in Southeast Asia after losing in global popularity to Facebook and MySpace.

Tan's online payment systems business will buy 100 percent of Friendster through an affiliate company, according to a joint statement Thursday.

The two companies will be combined so Tan's business empire can sell content such as games, movies, music and other products to Friendster's 115 million members, using his company's electronic payments system. Tan's businesses include retail franchises in Southeast Asia such as Starbucks, 7-Eleven, Borders, Krispy Kreme, and Wendy's.

The price for Friendster wasn't disclosed but the combined entity will have annual revenue of about $110 million.

"We are creating a unique company that will be well positioned to provide content to a huge, regional user base here in Southeast Asia," the statement said.

Launched in 2003, Friendster was among the first to establish online social networking as a hot trend. It soon faded in popularity, however, as Web users migrated to newer sites such as MySpace.com and Facebook.com.

Facebook is the world's second most popular Web site, attracting almost 29 percent of Internet users, according to Web traffic monitor Alexa.com.

In contrast, only 0.4 percent of Internet users are visiting Friendster, ranking it the 164th most popular site globally.

Despite its demise in the U.S., Friendster has managed to build a strong following in Asia, particularly in the Philippines, Indonesia and Malaysia. The three countries account for almost 60 percent of its users.

Friendster Chief Executive Richard Kimber said about 90 million of the site's members are Asians and described the merger as an "industry-changing event."

_____

AP Writer Tomoko A. Hosaka in Tokyo contributed to this report.


Source: http://ph.news.yahoo.com/ap/20091210/tbs-as-malaysia-friendster-88383ae.html

-kaya ba nagpalit ng kulay/design ang friendster?

arwin_absinthe

  • Lurker turned Critic
  • 2008 Guardians
  • Active - Top Level
  • *
  • Posts: 1151
  • Karma 5
  • Gender: Male
  • What's on your mind?
Re: Malaysian tycoon buys networking site Friendster
« Reply #1 on: December 23, 2009, 08:34:02 am »
Malamang-lamang yan... Pero kahit anong bihis ng friendster, ekis pa rin para sakin...

charliehouse

  • Guest
Re: Malaysian tycoon buys networking site Friendster
« Reply #2 on: November 20, 2010, 09:08:08 pm »
kung ako lang si Vincent Tan ay di ko bibilhin ang FS gagawa na lang ako ng sarili kong social networking site.

erlamsaz

  • Citizen
  • Posts: 1
  • Karma 0
Re: Malaysian tycoon buys networking site Friendster
« Reply #3 on: October 25, 2011, 01:20:42 am »
Nice post.. I am really impressed and you do an appreciative work.. thanks for sharing... i like to read this topic. please share something more..   Bridesmaid Gifts
:applause