DateStatusStake AcquiredDeal PriceDeal TypeCurrency Used
August 2010Completed100%$40,000,000AcquisitionCash
TargetBuyerSeller
Friendster Patents
Menlo Park, CaliforniaUnited States
Stake Acquired: 100 %
Kuala Lumpar, Malaysia
Deal Amount
Deal Price$40,000,000
Enterprise Value (EV)$40,000,000
Financials for Target: Friendster PatentsTransaction MultiplesTransaction Multiples w/ Max. Contingency
Total Assets N/AEV / A    EV / A    
Stockholder's Equity N/AEV / SE    EV / SE    
Revenues N/AEV / R    EV / R    
Net Income (Loss) N/AEV / E    EV / E    
Cash Flow N/AEV / CF    EV / CF    
EBITDA N/AEV / EBITDA    EV / EBITDA    
Operating Income (Loss) N/AEV / OI    EV / OI    
Deal Notes
Facebook acquired seven Friendster patents and 11 pending patent applications in exchange for advertising, profit sharing for virtual goods, and cash in a deal that was valued at $40 million. Sources indicate that Facebook may have acquired the patents to help prevent future IP violation claims.
Contingency Payments
Has Contingency Payment?No
Termination Fees
Has Termination Fee?No
Business Description for Seller: MOL Global

MOL Global is South East Asia's biggest internet companies and has businesses in social media, internet news and epayments. The company was founded in 2000 and based in Kuala Lumpur, Malaysia.