Xing has got a new shareholder today as Burda, the German media giant bought 25.1% share. Xing as we have extensively talked about is LinkedIn for Germany and the deal has definitely got XING a healthy shareholder as Burda already has stakes in major firms like Glam Media and Zooplus. Burda acquired the shares from Cinco Capital at 36.5 Euro a share, bringing the total cost of the acquisition to 48.3 Million Euro.
Tag Archive: Xing
LinkedIn is definitely ahead of its German rival, Xing by leaps and bounds, but Xing will never quit trying to get on top of it. Today the social network for professionals took a major step with the launch of a variety of OpenSocial apps. This comes in collaboration with 13 partners across 7 countries and a total of 16 apps. This is almost twice as many as those of LinkedIn which has only 9. The apps include:
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