Social Networking pioneer Friendster is rumored to be looking for a buyer. The company has retained investment banker Morgan Stanley Asia to find parties interested in acquiring the company. Potential acquires include Asian telecom heavyweights, such as Singel, Hutchison Telecommunications, Maxis, Globe, DiGi and Philippines based ABS-CBN.

Friendster bills itself as the number one social network in Southeast Asia where over 75% of its user base resides namely Singapore, Indonesia, Malaysia, Philippines, aka SIMP. Friendster say it has over 100 million registered users, over 100,000 new users join the site daily, does over 500 million page views daily and it a top 20 global website based on user traffic.

The company has raised over $45 million in venture capital from Battery Ventures, Benchmark Capital, DAG Ventures, Kleiner Perkins Caufield & Byers, and angel investors such as LinkedIn founder Reid Hoffman, Google’s founding investor Ram Shriram and Spinner founder Josh Feltzer.

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