SiliconBeat: Rumor: Google to buy Friendster. Hard to believe

"...They [Kleiner] have injected limited additional funds (I’ve heard numbers between $5 million and $12 million) and have restructured the capitalization of the company to heavily favor their fund (this would be customary in a recapitalization). No reports as to whether Benchmark or Battery were also involved, or whether the current executive team will be looking for new jobs.
Update: More rumors, that the round was done at a $3m pre-money valuation. This is not a healthy company."