Blog Post

Facebook Denies Offering To Buy For Chinese Social Net Zhanzuo

Updated: Facebook PR writes in to us and says the Times UK report is false, and says: “no offer has been made and no acquisition in China is being considered by Facebook.” That sets the record straight…

Original post: Facebook has offered $85 million for college social network Zhanzuo, buying its way in to the lucrative Chinese market, Britain’s The Times reports, without attributing a source. On the record, Facebook only said Zhanzuo CEO Jack Zhang and Facebook founder Mark Zuckerberg “were acquainted but this did not mean that they intended to reach a deal“: