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Friendster Will Salesell Most of Their Shares in Asia

One of the oldest social networking, Friendster, plans to sell most of their shares. According to Investment Bank Morgan Stanley, Friendster are seeking buyers who come from Asia.

If you are experiencing the popularity of Facebook, as with other social networking site Friendster, which was also popular in Asia, especially in Indonesia. Friendster, the oldest social networking site, is now looking for buyers and investors requesting investment Morgan Stanley, to find companies interested in the company is acquired in whole or in part to buy their assets. According to the document exclusive of TechCrunch in July 2009, Morgan Stanley will likely sell Friendster area in Asia, taking into account the basis of the popularity of Friendster account the 75 percent registered in the regional Asia-Pacific.

In the document, showing the fact that many buyers who are interested in Friendster, Friendster because it claims that more than 100 million users globally have been registered and the site control in the social networking area Asia Pacific, including in the countries of Singapore, Indonesia, Malaysia, and Philippines (Simp). It also mentioned the fact that Friendster has 100,000 users and 500 million page view per day, making it 20 best global website based on user traffic. In addition, Friendster is also mentioned that the headcount has 105 employees spread across the global network in the country such as Australia, United States, the Philippines, and Singapore.

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