Xing Buys Turkish Business Social Network Cember For Euro 4.36 Million
By Rafat Ali - Tue 22 Jan 2008 06:26 PM PST
Xing, the Germany-based European business social network, is contuing on rolling up smaller European social networks: it has now bought out Turkish business social network Cember.net, for a total of about Euro 4.36 million (£ 3.25 million), to be paid in stages. Cember.net has about 280,000 members who use the network, both free and paying member..the site was “slightly profitable” last year.
Xing acquired the Spanish networks eConozco and Neurona in 2007. More details here.
Posted in: Countries, Europe, Germany, Money, M&A, Social Media
Tags: xing,
