Report: Friendster to Be Sold for $100M

Asian buyer to acquire early social network in December

Last Updated: December 4, 2009 @ 8:15 AM

Friendster, one of the world’s earliest social networking sites, will be sold to an Asian buyer by the end of December for at least $100 million, a source familiar with the matter said.

Friendster, which predates Facebook and MySpace in the social networking space was founded in 2002. But it quickly lost ground to other social networking sites in the United States. Friendster is now mostly used in Asia where more than half of its registered 100 million users are from.

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