socialmedian: European Business Social Network XING Acquires socialmedian

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European Business Social Network XING Acquires socialmedian

Dec 19, 2008

Summary

Hamburg, Germany based XING, a global professional social network that’s strong in Europe, has acquired New York based socialmedian for an undisclosed amount. Socialmedian’s founding CEO Jason Goldberg is relocating to Germany and will be joining XING as Vice President Applications Platform, and the entire socialmedian team will be integrated into the company.

We’re updating this post as the news is breaking.

Socialmedian enables users to create and join topical “news networks” on any topics. Users can also follow news clippings of people in their social graph, and be followed. The site also enables users to share news in/out of their social networks.

About 3 weeks ago, we reported on XING CEO Lars Hinrich, who founded the company in 2003 and led it to an IPO three years later at the Frankfurt Stock Exchange, stepping down. He still got to announce the news, though:

Why do we think that socialmedian is a perfect fit for XING? Here´s why: In business success depends on access to the right information at the right time. Both the speed of information and the sheer v

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