Facebook gets a Hong Kong backer
- Share via
From Times Wire Services
Facebook Inc. has raised $60 million from Hong Kong billionaire Li Ka-shing, adding to the list of financial heavyweights backing the online hangout’s rapid growth.
Li, 79, will receive a 0.4% stake in Palo Alto-based Facebook, according to a person familiar with the matter who requested anonymity. The cash is coming from Li’s personal foundation, the person said.
Microsoft Corp. paid $240 million for a 1.6% stake in Facebook in October.
