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[10 Dec 2009 | No Comment | 729 supporters]
Malaysian firm acquired Friendster

friendster.com
Online social networking pioneer Friendster has accepted a buyout from Malaysia-based MOL Global, the companies announced Thursday, saying the site would shift into e-commerce.
Friendster, which made its debut in 2002, was widely used to share videos, photos and messages before its popularity was challenged by the emergence of mighty competitors like Facebook. Its users are now mostly in Asia.
Under the new deal, the California-based Friendster will be fully acquired by MOL Global, an affiliate of online payment firm MOL Access Portal which is controlled by Malaysian tycoon Vincent Tan, they …