Xing buys Turkish business network for EU4.36m
by Mike Butcher on January 23, 2008

There appears to be a merger market kicking off inside European-focused social networks. Xing, the Germany-based European business social network which resembles LinkedIn, has now bought Turkish business social network Cember.net, for about €4.36 million (£3.25 million), to be paid in stages. Cember has some 280,000 free and paying member and was “slightly profitable” last year. Xing acquired the Spanish networks eConozco and Neurona in 2007.

Comments

Xing is going very rapidly and the site is very nice, easy to use and many important people are in

 

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