Friendster Valued At $26.4 Million In Sale

TECH CRUNCH - Dec 15 - We’ve got more details on the Friendster acquisition announced last week. The total purchase price paid was $39.5M. But lots of stuff was deducted, totalling $13M and change:
- $3.7M in secured debt
- $2.5M in cash in Friendster’s bank account
- $2.1M paid to Friendster CEO Richard Kimber
- $1.4M to other Frienster executives
- $3.4M to Morgan Stanley and other third parties (lawyers, escrow agents, etc.)
FULL ARTICLE @ TECH CRUNCH

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