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    German Facebook Clone Sells for €100 million

    Michael Arrington

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    J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

    Wednesday, January 3rd, 2007
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    German Facebook clone Studivz has been sold to one of its investors, Georg von Holtzbrinck GmbH, a German publishing group, for €100 million (about $132 million). Other investors of Studivz include the Samwer brothers, founders of ringtone company Jamba (sold for €270M) and Alando (sold to eBay for €43M in 1999).

    The story broke on German news site Spiegel. See here for a beautifully useless translation of the article.

    We’ve gotten confirmation on the transaction, but not specifically on the price, from a contact within Holtzbrinck. More from GigaOm and CenterNetworks.

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