Thursday, December 10, 2009

Friendster Sells To Malaysian Firm

Mountain View-based social networking firm Friendster has been acquired by Malaysian firm MOL Global Pte. Ltd., an firm affiliated with online payments firm MOL AccessPortal Berhad, the firms said last night. Financial terms of the buy were not disclosed. According to MOL, it will combine the operations of MOL and Friendster to create Asia's largest "end-to-end content, distribution and commerce network." Friendster was venture backed by Benchmark Capital, DAG Ventures, Founders Fund, IDG Ventures, Kleiner Perkins Caufield and Byers and Siguler Guff & Co.