"Malaysian tycoon Vincent Tan announced a deal to buy Friendster, a social networking site that still retains a strong following in Southeast Asia after losing in global popularity to Facebook and MySpace. Tan's online payment systems business will buy 100 percent of Friendster through an affiliate company, according to a joint statement Thursday." "Malaysian-based payment on line company MOL Global's purchase of social networking site Friendster has won praises from industry observers." The website that has mostly been forgotten around the world is till quiet popular in Southeast Asia. Friendster has 115 million members strong. " On one hand, Friendster investors are lucky the service is popular enough with Asian teenagers for the sale to happen at all, considering users elsewhere moved on to MySpace, then Facebook and Twitter. On the other, as All Things Digital points out, if then-white-hot Friendster had sold to Google in 2003 for $30 million i...
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