Burda Media new primary shareholder of XING AG

As we reported today, Burda Digital GmbH has purchased 25.1% of XING AG shares. By purchasing these shares from Cinco Capital GmbH, the holding company of our Founder Lars Hinrichs, the subsidiary of Burda Media has become the main shareholder of XING (read the press release here).

I’m very excited about this participation and the future cooperation with Burda. It’s a match made in heaven: Burda Media as the leading European media group and XING as the leading European business network. In recent years, the group has invested in the Internet continually, and is active online and offline with its own products and publications (CHIP, Focus, etc.) as well as participations (Tomorrow Focus, Glam Media, Zooplus). In doing so, Burda has proven itself to be a long-term and internationally oriented investor.

We still have a lot of plans on continuing to develop and grow XING. In this process, it’s great to have a strong partner such as Burda to support us.