TECH CRUNCH - Nov 18 - German media giant Burda has purchased a 25.1%
share in XING, the business social network that is biggest in Germany
and competes with LinkedIn. The 1,323,041 shares were sold to Burda by
Cinco Capital, the investment vehicle owned by the former XING
co-founder Lars Hinrichs. Priced at €36.50 per share, the deal is
therefore worth €48.3M. This makes Burda Digital the largest
shareholder in XING. FULL ARTICLE @ TECH CRUNCH
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