Hubert Burda Media buys into XING AG (European online business network)

ACQUISITION

Acquirer: Hubert Burda Media
Web: http://www.hubert-burda-media.com
Location: Germany, Munich
Region: Europe
Description: International media owner
Contact: JDr. Hubert Burda, Publisher

Target: Xing
Web: http://www.xing.com
Location: Germany, Hamburg
Region: Europe
Description:  European online business network

Contact:

Dr. Stefan Gross-Selbeck, CEO

Approximate value: 1,323,041 shares at €36.50 per share

Details

XING AG (ISIN: DE000XNG8888) was informed today that Burda Digital GmbH has purchased a total of 1,323,041 XING shares from Cinco Capital GmbH. The share price was EUR36.50 per share. This gives Burda Digital GmbH a 25.1% share of the company and makes it the primary shareholder.

Press Release 1

Press Release 2    

Database Acquisitions – November 2009

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