Xing Buys Turkish Business Social Network Cember For Euro 4.36 Million
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.
SEE ALSO: German Business Social Network Xing Turning To Ads
Xing acquired the Spanish networks eConozco and Neurona in 2007. More details here.
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Countries, Europe, Germany, xing
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