When: December 3, 2007
Where: Hong Kong
Who: TOM Group
What: TOM Group, based in Hong Kong, has announced they have invested $60 million into the onlince social network, Facebook. No one has confirmed the transaction yet. Last month, Microsoft invested $240 million into Facebook.
Why: This would help the Chinese based company in the stock market industry. Its shares went up from $.10 to $.12.
Source: http://money.cnn.com/2007/12/03/news/international/tom_facebook.ap/index.htm?postversion=2007120307
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