Speculation is flying that Li Ka-shing, one of the wealthiest guys in Hong Kong, has taken a 0.4% stake in Facebook, the social networking website for $60 Million. If the technology blog report is correct, the deal is being done at a $15 Billion valuation for Facebook.
Li Ka-shing’s company’s Hutchison and Cheung Kong are the 9th and 10th BIGGEST on the Hong Kong stock market.
Li Ka-shing also has the Tom Group, a media group which includes outdoor media, publishing, sports promotion, and internet properties. If the speculation is correct, this deal could lead to Facebook moving more aggressivly into non english speaking countries. Facebook is currently huge in America, UK, Australia, South Africa and New Zealand.
Li Ka-shing also has the the option for an additional $60 Million investment.
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