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German Media Giant Burda Buys 25% Stake In XING

Published by Tech Pundit | Filed under Internet | November 18th, 2009

BREAKING: German media giant Burda has used its digital arm to purchase a 25.1% share in XING, the business social network that is biggest in Germany and competes with LinkedIn. The 1,323,041 shares were sold to Burda by Cinco Capital, the investment vehicle owned by the former XING co-founder Lars Hinrichs. Priced at €36.50 per share, the deal is therefore worth €48.3 million.

Read more here:
German Media Giant Burda Buys 25% Stake In XING


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