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Social Network Xing Buys Turkey's cember.net
Posted by: snwmark (---.eurotel.cz)
Date: January 23, 2008 11:11AM

REUTERS -- Jan 23 -- German online business networking company Xing bought Turkey's cember.net to strengthen its leadership in the Turkish-speaking market. Fast-growing Xing, a competitor to U.S.-based LinkedIn, said it would pay 4.4 million euros ($6.4 million) in stages for cember.net. Xing had 4.25 million members at end-September and offers services in 16 languages.
MORE NEWS @ SOCIAL NETWORKING WATCH


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Re: Social Network Xing Buys Turkey's cember.net
Posted by: yorktown (Moderator)
Date: January 27, 2008 11:08AM

Interesting. Europe should become a big market for SN. But to see acquisitions at this stage of the game, and in all places Turkey, shows some bets are being placed early that the market should grow.

Marc Lesnick
Conference Organizer
Social Networking Conference

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