Ad-hoc | 8 January 2013 12:09
XING AG / Key word(s): Acquisition
08.01.2013 12:09
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Hamburg, January 8, 2013 - XING AG (O1BC/ISINDE000XNG888) is to acquire
kununu GmbH, the Austrian-based operator of the leading platform for
employer reviews in German-speaking countries, with economic effect from
January 1, 2013. A corresponding purchase agreement between XING AG and the
kununu GmbH partners will be signed today. The purchase price consists of
various components. Initially, XING AG will pay the partners around EUR 3.6
million upon signature of the contract. Based on a number of factors, in
particular kununu GmbH's revenue and EBITDA development over the course of
2013 and 2014, further payments totaling around EUR 5.8 million may be made
by February 2015. XING AG's acquisition of the leading employer review
platform in German-speaking countries adds a key dimension to the value
chain of its e-Recruiting business.
08.01.2013 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
Germany
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
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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