My Site - European Business Social Network XING Acquires socialmedian (Update: For $7.5 Million)

My Site - European Business Social Network XING Acquires socialmedian (Update: For $7.5 Million) http://webbuildingnews.net/story.php?id=1371 Hamburg, Germany based XING, a global professional social network that's strong in Europe, has acquired New York based socialmedian for an undisclosed amount approximately $7.5 million in total, a mix of $4 million in cash up front and an earn-out valued at between â‚¬0.5-2.5 million payable over three years. Socialmedian's founding CEO Jason Goldberg is relocating to Germany and will be joining X... Fri, 19 Dec 2008 01:56:06 PST en