Updated: Facebook Investor Li Ka-Shing Upping Stake To $120 Million: Report

Hong Kong mogul and Facebook investor Li Ka-Shing has reportedly increased his investment in the social networking site from $60 million to more than $100. The claim was made on the conference call of his company Hutchison Whampoa, reports MarketWatch, though it’s conceivable that something got lost in translation. Later on the report quotes Ka-Shing responding to a question on whether he would increase his stake: “I may raise my investment in Facebook – anything is possible.” Ka-Shing’s initial investment of $60 million was first reported last November. He also said on the call that there could be synergies between the two companies, with Hutch users having access to the service.

Update: Reuters has confirmed the investment, saying that Li Ka-Shing has doubled his stake to $120 million at the same $15 billion valuation as when he previously invested. This means that his stake is now 0.8 percent, which is half as big as the stake held by Microsoft.


Comments have been disabled for this post