Xing management loses half-hearted battle against Burda

13 Dec 2012

Burda Digital today announced it had acquired a controlling stake of 59.2 percent (of the shares and votes) in Hamburg-based business network Xing.com.

So, the belated call on shareholders by Xing’s senior managers on 21 Nov. to hang on to their shares, and not sell to Burda Digital at the offered €44 per share, wasn’t heeded.  The call was made about one month after Burda Digital first made it

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Christo Volschenk

Christo Volschenk is managing editor of the news on Aimgroup.com and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.