Malaysian company MOL buys Friendster. In other news, Friendster still exists.
Why would anyone buy Friendster with actual money? Well, Friendster's gotten big in Asia while Americans have been busy booking faces and my-ing spaces. Specifically, it's 75 million users big in the region. On top of that, MOL had already partnered with Friendster on the site's payment system, Friendster Wallet. Equipped with Friendster's newly-revamped website, MOL is going after the Asian teen market. This old social network might have plenty of life left in it after all.