Hong Kong billionaire takes $60M Facebook stakeBy MarketWatch
HONG KONG (MarketWatch) -- Hong Kong billionaire Li Ka-shing has invested $60 million in social networking Web site Facebook, equivalent to a 0.4% stake, and has the option for an additional $60 million investment, according to a report by a technology blog.
The All Things Digital blog on Friday, citing unnamed sources with knowledge of the transaction, reported that 79-year-old Li would not make the investment through his flagship companies Hutchison Whampoa Ltd.
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