Burda Digital buys 25.1 percent of business network Xing

19 Nov 2009

Lars Hinrichs, founder and CEO of Hamburg-based listed business network Xing.com until January this year, sold 25.1 percent of his 27.7 percent stake in Xing to Burda Digital Ventures, a subsidiary of German media group Hubert Burda Media, for €36.50 per share. Burda Digital forked out €48 million for the stake, which made it the single biggest shareholder and ended months-long speculation in the

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Jim Townsend