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Facebook look to acquire Chinese social network Zhanzuo for $85 million

Facebook look to acquire Chinese social network Zhanzuo for $85 millionFacebook has reportedly made an offer of $85 million USD to buy Zhanzuo (http://www.zhanzuo.com), one of China's biggest online communities.  Zhanzuo is home to over seven million Chinese people; that equates to about one in every 180 Chinese...

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It pays to be a clone: DesiMartini sells for "under $10 million"

It pays to be a clone: DesiMartini sells for "under $10 million"Indian social networking site DesiMartini have been acquired by Firefly e-Ventures Limited through their parent company HT Media.  The sale figure was undisclosed, however a source at HT Media states the purchase price was less than $10 milli...