Exclusive: Friendster Shopping Itself Around In Asia

Friendster , one of the oldest social networks, is actively looking for a buyer and has hired investment bank Morgan Stanley to find a party interested in acquiring the company or at least some of its assets. According to documents obtained exclusively by TechCrunch, it looks like Morgan Stanley is shopping Friendster around in Asia, which makes sense considering almost its entire user base is located in the Asian-Pacific region. In the main document (embedded below), it says that 75 percent of its registered accounts are in Asia. The docs come from a credible source, are time-stamped 'July 2009' and carry a number of interesting nuggets about the influence Friendster still has in the social networking sphere, even if mostly in Asia.