Social Network Xing Buys Turkey\'s cember.net

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Social Network Xing Buys Turkey\'s cember.net

Postby snwmark » Wed Jan 23, 2008 6:11 pm

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.
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Re: Social Network Xing Buys Turkey\'s cember.net

Postby yorktown » Sun Jan 27, 2008 6:08 pm

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.

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