studivz

German Facebook Clone Sells for €100 million

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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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