Thursday, January 04, 2007

Acquisition by Holtzbrinck - Studivz strikes Facebook gold

This came through last night - Studivz - a German Facebook clone was acquired by Holtzbrinck for a striking $100-$130MM. That's about $100 per registered user considering the 1MM registered Studis (students). As far as I know this is the biggest deal for a zero-revenue company in Germany so far - correct me if i'm wrong. Spiegel has the story. If you translate this into Facebook's 7 million users it would be worth about $700MM. Sounds better than the $2bn that were recently tossed around. Still, lots of cash for some fickle college students currently favorite online hangout...

Congrats to Essan and the other guys though - well done!


My Personal DNA

Template Designed by Douglas Bowman - Updated to Beta by: Blogger Team
Modified for 3-Column Layout by Hoctro