{"id":74374,"date":"2009-12-10T05:51:00","date_gmt":"2009-12-10T10:51:00","guid":{"rendered":"http:\/\/news.softpedia.com\/news\/Friendster-Acquired-by-Malaysia-s-MOL-Global-129369.shtml"},"modified":"2009-12-10T05:51:00","modified_gmt":"2009-12-10T10:51:00","slug":"friendster-acquired-by-malaysias-mol-global","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/74374","title":{"rendered":"Friendster Acquired by Malaysia's MOL Global"},"content":{"rendered":"

Friendster, the social network which set things off more than half a decade ago has finally been sold after several attempts in the past years. As expected, the social network was snatched up by an Asian company, MOL Global, a Malaysian e-commerce and payments company for an unreported sum which some put at about $100 million. MOL Global will take over 100 percent ownership of Friendster and hopes to bolster the social network’s position in the Asia-Pacific region where it’s a very strong player dominating the market. <\/p>\n

“Friendster and MOL are both industry pioneers and are close partners. This combination is a natural progression of our relationship and will be an industry-changing event,” Richard Kimber, Friendster CEO, said. “The new combined entity gives Friendster the kind of financial backing, retail distribution, and e-commerce infrastructure that will enable us to accelerate our strategy and create a locally relevant, fun experience for our users in Asia, both on and offline.”<\/p>\n

The acquisition was officially announced yesterday and MOL Global CEO Ganesh Kumar Bangah was confident of the social networks potential and in the opportunities created by the merger of the two businesses which are expected to build off of each other. The CEO said he expected the acquisition to add about $110 million to the bot… (read more<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

Friendster, the social network which set things off more than half a decade ago has finally been sold after several attempts in the past years. As expected, the social network was snatched up by an Asian company, MOL Global, a Malaysian e-commerce and payments company for an unreported sum which some put at about $100 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-74374","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/74374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=74374"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/74374\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=74374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=74374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=74374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}