Comments on: Xing Acquires Turkish Networking Site Cember.net

By: Xing To Give Up China And Make Way For LinkedIn In The US? | Stoth

Xing To Give Up China And Make Way For LinkedIn In The US? | Stoth — Mon, 29 Jun 2009 19:48:28 +0000

[...] countries where the company has opened offices: Spain, Italy and the rapidly growing web market of Turkey. This statement was followed by him dodging a question about Xing’s previous plans to enter [...]

By: Xing To Give Up China And prepare Way For LinkedIn In The US? | Cellphone Ultra

Mon, 29 Jun 2009 19:11:56 +0000

[...] countries where the company has opened offices: Spain, Italy and the rapidly growing web market of Turkey. that statement was followed by him dodging a question about Xing’s previous plans to enter [...]

By: Xing To Give Up China And Make Way For LinkedIn In The US?

Xing To Give Up China And Make Way For LinkedIn In The US? — Mon, 29 Jun 2009 18:52:11 +0000

By: zb

zb — Fri, 01 Feb 2008 14:15:56 +0000

who cares about Burut? What’s next? People like Borat comment in places like Techcrunch?

By: bbd

bbd — Wed, 30 Jan 2008 16:07:07 +0000

Thanks Dave!

By: Dave

Dave — Sun, 27 Jan 2008 08:53:21 +0000

Burut, you may be ignorant about geography and economical comparisons between world nations, i cant blame you for that. But if you are ignorant, you may try not to speak so that you dont show your ignorance to world.

By: Burut

Burut — Sat, 26 Jan 2008 00:19:08 +0000

Who cares about turkey? What’s next? News about web firms in Sudan? lol

By: Ekim Nazım Kaya

Ekim Nazım Kaya — Fri, 25 Jan 2008 20:28:23 +0000

Cember.net was only 2.5 years old and in contrary to similar cases in Europe and US, they did not use any funding at the initial stage. “Being in the right place at the right time”. Congrats, Erol family!

By: önder

önder — Fri, 25 Jan 2008 15:22:09 +0000

a big event for turkey’s internet platform…

By: Duncan Riley

Duncan Riley — Fri, 25 Jan 2008 10:04:43 +0000

Bilen
“business social networking”

Nemrut
It’s considered to be Europe geographically, at least the part on the left.

By: Jesus

Jesus — Fri, 25 Jan 2008 09:56:59 +0000

@Bilen: it’s the biggest “business” networking site. Tell your employer that it’s something different and GTFO.

By: Bilen

Bilen — Fri, 25 Jan 2008 06:35:15 +0000

Actually according to alexa the biggest social networking in Turkey is yonja.com, rated 33 in Turkey’s top 100.

By: Technicle

Technicle — Fri, 25 Jan 2008 05:38:17 +0000

>In Europe Xing is much larger than Facebook. hmmm, doesn't seem so, based on their most recent results report, or they're not monetizing well from their vast userbase?

By: Orhan Karsligil

Orhan Karsligil — Fri, 25 Jan 2008 04:48:32 +0000

The price of acquisition is quoted to be around 4.4 million Euros. According to a Turkish news site in September 2007 Xing purchased a minority stake, then in December they decided to purchase the whole company.

The conversion effect due to EU membership discussions is showing its first results. It does not really matter whether Turkey joins EU or not, as long as laws and economy is brought up to the European standard Turkey will be a viable big market for anyone who wants to make money. That is why private equity is booming in Turkey (two new funds raised close to $1billion last year alone, small for US or European standards maybe but there was almost nothing until 2006). Once exits like this become more common Venture Capital will be also flow in.

I personally do not want Turkey to join EU and give up control of many economic and legal decisions. Once a strong economy and viable market is established Europe can become a better “customer”.

By: nemrut

nemrut — Fri, 25 Jan 2008 04:30:50 +0000

“one of Europe’s fastest growing economies.”

..interesting comment, why then do Europeans, by and lage, not consider Turkey to be part of Europe?

By: Burak Arikan

Burak Arikan — Fri, 25 Jan 2008 04:06:32 +0000

It was for €4.36 million. XING Announcement via Turkish blog Webrazzi

By: Soap

Soap — Fri, 25 Jan 2008 03:36:39 +0000

Rehoboth, perhaps you should read World News more often
In Europe Xing is much larger than Facebook. It’s also a public company, allegedly, the first “2.0 company” to go public, whatever that means.

By: Rehoboth

Rehoboth — Fri, 25 Jan 2008 03:19:14 +0000

It’s amazing, almost every time I read this blog it’s about another company or website I’ve never heard of being taken over by some other company or business I’ve never heard of.