Facebook sells small stake to Li Ka-shing

Rich get richer? $60 million?! That’s pocket change for a guy like that. Probably 5% of his portfolio. Wonder how much Microsoft stock he has?

“Facebook Inc. has raised US$60 million from Hong Kong billionaire Li Ka-shing, adding to the list of financial heavyweights backing the online hangout’s rapid growth.

Li, 79, will receive a 0.4 per cent stake in Palo Alto-based Facebook in return for his investment, according to a person familiar with the matter who requested anonymity because the person wasn’t authorized to speak publicly.” (story)

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