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Xing Buys Turkish Business Social Network Cember For Euro 4.36 Million

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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.

Jan 22, 2008 8:26 PM ET

Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Countries, Europe, Germany, xing

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