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Going Like Sixty
Facebook China - Zuckerberg Offers $85 Million For Zhangzuo (UPDATED)
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Social networking is expanding globally; Facebook is looking at extending into the Chinese market by trying to acquire Zhanzuo.com, the largest social network in China.
“Facebook already boasts more than 100,000 users of its English-language network in China and rumours of its local-language entry were fuelled with the company’s recent registration in China of the domain facebook.cn,” the Times reported.
Mark Zuckerberg founded Facebook while a student at Harvard, and has been looking for a way to tap into the seven million active users in China. He offered $85 million for Zhangzuo which has about seven million active users.
UPDATE: Facebook denies any deal.
"No offer has been made, and no acquisition of any company in China is being considered by Facebook," the representative wrote in an e-mail. "We do not know who the spokeperson is that they are referring to in The Times story and were never contacted by the paper to confirm the accuracy of this story."
(news)
Read More: news Via: business.timesonline
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