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Social Networking - Monday, March 26, 2007

Xing Buys Spanish Biz Social Network eConozco

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Our sister site alarm:clock euro breaks the story that Germany-based business social network Xing has made its first acquisition since going public with its purchase of eConozco. We have no word yet on how much Xing paid for eConozco, the second largest Spanish social network with about 150K users.

When we met with the Xing folks last month they indicated that they were close to completing a deal or two and boasted that Xing's ability to monetize social network visitors is what sets them apart and why the can justify M&A.

Read - Xing Now Speaks Spanish With eConozco Acquisition (a:c euro)

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