Print
Discuss
Send to friend
RSS feedsFacebook has borrowed $100m (£51m) as part of plans to expand its core infrastructure.
The money raised from Triplepoint Capital will be used to buy new servers for supporting the social network's increasing volume of users, according to Business Week.
The MySpace rival received 109.2 million visitors in March, according to traffic measurement site comScore – a rise of 240 per cent on the previous year.
The new investment adds to the $360m (£183.8m) Facebook has collected over the past six months. Microsoft paid $240m (£122.5m) for a 1.6 per cent stake in the company last October, while Hong Kong billionaire Li Ka-shing has now invested $120m (£61.3m) in the firm.
Last week Microsoft showed interest in expanding its stake in the social network, follwing the failure of its attempt to buy Yahoo.
See also:
Rumour mill goes into overdrive that the software giant is interested in a takeover, following the collapse of Yahoo talks 08 May 2008
Global investment will remain steady for the next five years before tailing off 21 Apr 2008
Social networking seen as a useful way to interact with the public and gauge opinion 10 Apr 2008All IT Finance & Reporting Tags: Hardware, Internet, Strategy
del.icio.us
Digg this
reddit!
