Xing Buys cember.net
The social networking site Xing bought the Turkish professional networking site cember.net for a reported $6.4 million. cember.net is the market leader in professional networking in Turkey.
I think this move strengthens the fact that there is a growing market in Turkey. Earlier we had heard that Myspace was getting ready into the Turkish social networking scene. Looks like there is going to be a nice competition of global players in Turkey pretty soon. On the other hand, it is also obvious that Turkish users are valued way cheaper at 15 euros/member.
Tags: cember.net, facebook, Internet, myspace, social networks, Turkey, web 2.0, xing
