Thursday, March 27, 2008

Li Ka-shing of hutch Puts Another $40 Million Into Facebook

After exiting the Indian market by selling the stake in Hutchison Essar to Vodafone in India Li ka-shing is back in news.
Hong Kong’s Li Ka-shing, chairman of telecom giant Hutchison Whampoa, revealed during a conference call that he has raised his stake in Facebook by another $40 million or more. This is on top of the $60 million he previously invested.
There are also reports of Facebook IPO