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Owner of 3 ups investment in Facebook to USD 100 million

Hong Kong financial giant and owner of UK Mobile Operator 3 and Superdrug, Li Ka-shing, has upped his personal stake in social networking website Facebook to above USD 100 million.

The tycoon invested USD 60 million in Facebook back in December 2007 (Superdrug owner invests in Facebook) for a 0.4 percent share of the website and has hinted that there might be more coming.

Microsoft also purchased a 1.6 percent of Facebook for USD240 million, valuing the company at USD 15 billion, more than 25 times the amount Rupert Murdoch paid for Myspace.

Li Ka-Shing, who is Asia's wealthiest man, could partner Facebook with Three and build an interesting platform; 3 has already teamed up with Skype and also supports Microsoft's own MSN messenger.

He has already identified possible synergy between the 3G services of his telecom company Hutchinson Whampoa and Facebook.

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