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Shocking news
Friendster, the former high-flying social network, has hired a banker to shop itself around for a buyer, according to sources familiar with the matter.
The San Francisco-based company has hired Montgomery & Co., a boutique investment banking firm in Santa Monica, Calif., to find a buyer, CNET News.com has learned. Company executives have been talking to several Internet media companies about an acquisition, according to those sources.
Friendster spokesman Jeff Roberto declined to comment for this story. A spokeswoman from Montgomery said the company could not confirm nor deny whether Friendster is a client. Added Rumors: Price range between $100 - $200. |
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This intel was contributed by crabb
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May, 2012
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