Facebook taps German entrepreneurs for more cash

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Posted Jan 16th 2008 1:00PM by Tech Confidential
Filed under: Raising money, Venture capital industry

Facebook held up Microsoft Corp. (NASDAQ: MSFT) for $240 million in funding, then tapped Hong Kong billionaire Li Ka-shing for another $60 million. Now, it has turned to three German entrepreneurs for more money, according to TechCrunch. The Samwer brothers, Alexander, Marc and Oliver, have reportedly invested in Facebook, though terms of the investment are unknown.

What is known is that the Samwer brothers are filthy rich after selling German auction site Alando.de AG to eBay (NASDAQ: EBAY) in 1999 for $43 million, wireless ringtone and mobile games maker Jamba AG to VeriSign (NASDAQ: VRSN) in 2004 for $273 million and Germany's answer to Facebook, StudiVZ, in 2006 for $100 million to Holtzbrinck LLC (now Macmillan Publishers).

Continue reading at TechConfidential.com.

Tags: Facebook, MSFT

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