Burda buys 25% stake in XING
TechCrunch UK Nov 18 09BREAKING: German media giant Burda has used its digital arm to purchase 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 €48.3 million. This makes Burda Digital the largest shareholder in XING. More details to follow Full story...
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Believe Digital’s digital music distribution service Zimbalam opens in the US
TechCrunch UK 2 days ago[France] Zimbalam, the digital music distributor from Believe Digital, launches in the US today.
The service lets artists submit and distribute their music through 25 of the most popular music platforms, including Apple's iTunes and Spotify, in addition to "several hundred additional stores worldwide".
Fits.me wins startup prize at Plugg
TechCrunch UK 3 days agoFits.me, a virtual fitting room for internet clothing retailers based on robots (yes really) has won the European startup competition in Brussels, Plugg.
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Got €100? Local products marketplace Regioneo leverages participative investment
TechCrunch UK 4 days ago[France] French start-up Regioneo launched a participative investment program yesterday to help the company raise the €200,000 it needs for development.
MyERP joins the Google Apps Marketplace
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EXo raises €4 million for US expansion
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SXSW Interactive: Because hell doesn’t have enough promotional stickers
TechCrunch UK 4 days ago Later this week, thousands of ironic t-shirts will be arriving in Austin for the 16th annual South By Southwest Interactive festival.
Spotify signs exclusive deal with Finnish telco TeliaSonera for its Premium offering
TechCrunch UK 5 days ago[Finland] This is exactly the type of deal that Spotify needs to achieve the kind of distribution that might lead to economies of scale and therefore reduce the cost to end-users with regards to its Premium offering.
Team Europe Ventures starts €6m fund for early stage Internet and mobile startups
TechCrunch UK 5 days ago[Germany] Team Europe Ventures, the Berlin-based VC firm, has launched a new €6 million fund for early stage startups in the Internet and mobile Internet space.
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