Friendster Valued At Just $26.4 Million In Sale
December 16, 2009 at 00:31 AM EST
We've got more details on the Friendster acquisition announced last week. Rumors were floating that the buyer, MOL Global, paid as much as $100 million for Friendster. The real price, we've confirmed from multiple sources, was under $30 million. Just a few months ago, based on comparable valuations from Bebo, LinkedIn and Facebook (and taking into account Friendster's largely Asian audience), Frienster was worth between $98 million and $273 million . The total purchase price paid was $39.5 million. But lots of stuff was deducted, totalling $13 million and change:
