Ad-hoc | 9 December 2010 16:13
XING AG / Key word(s): Acquisition
09.12.2010 16:13
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The issuer is solely responsible for the content of this announcement.
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Hamburg, December 9, 2010. Today XING AG (O1BC / ISIN DE000XNG888), a
publicly listed company based in Hamburg, Germany, announces the
acquisition of amiando AG, based in Munich, Germany, effective as of
January 1, 2011. The acquisition price comprises a number of components. At
the time of acquisition, XING AG will initially pay appr. EUR 5.1 million.
An additional payment of up to EUR 5.25 million will also be made on March
31, 2013, if various conditions are met. Examples of these conditions
include the current management team remaining within the company and the
achievement of specific revenue and profit targets. XING AG's acquisition
of amiando will allow the company to cover the entire online event
management and ticketing value chain.
Patrick Möller
Director Investor Relations
Gaensemarkt 43
20354 Hamburg
Germany
Tel. +49 40 419131-793
Fax +49 40 419131-44
investor-relations@xing.com
09.12.2010 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: XING AG
Gänsemarkt 43
20354 Hamburg
Deutschland
Phone: +49 (0)40 419 131-793
Fax: +49 (0)40 419 131-11
E-mail: investor-relations@xing.com
Internet: www.xing.com
ISIN: DE000XNG8888
WKN: XNG888
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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