More Details On Facebook’s $60 Million Investment With Li Ka-Shing

Last week we reported on Facebook getting $60 million investment from Hong Kong billionaire Li Ka-shing, citing the report by Kara Swisher on AllThingsD (which is part of Dow Jones). Now ATD’s sister publication WSJ is reporting that Ka-shing “is in talks to acquire” the small stake, meaning the deal hasn’t yet been done (even though the WSJ headline says “Buys Facebook Stake.”) Facebook PR hasn’t responded to our request for comment.
Update 2: Another WSJ story now confirms it. He is making the investment through his personal foundation, the Li Ka-shing Foundation, the story says.

Meanwhile, Tom Group, the Chinese mobile and online portal company, where Ka-shing is the chairman, saw its shares jump 48 percent yesterday on the possible Facebook tie-up news. But the company told Reuters that “it was not aware of any reasons for the increase in its share price and trading volume,” the story said, though that doesn’t really mean anything one way or the other.

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