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Facebook, Inc. (FB) Message Board

  • mawsii1 mawsii1 Mar 10, 2013 9:29 AM Flag

    Is FB buying shares of RENN to move into CHina???

    The only country FB can't enter into yet...will they take a piece of RENN or one of the other players...RENN is trading close to cash..1 billion...FB or someone will be taking a chunk of RENN sooner than later...200 million users and revenues over 200 million this yr is territory for any player...msft, goog, bidu, yoku, sohu, sina, cyou, qihu...softank invested 420 million into RENN 5 yrs ago for 35% stake...CHEN controls 25%, Chao controls 11% for 125 million investment last yr...all underwater, company bought back 50% of the floated ADS shares...these 3 now control 80% of RENN...900 million in cash, 3400 employees and growing...some one will make an offer or they will take it private soon...FB could buy the remaining US float for peanuts and take a 20% stake..for 120 milion at 6.00 per share.....IPO price was 14.00 !! Crazy cheap here..earnings monday am

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