Latino-targeting online entertainment and communication services provider Mio.tv has acquired Spanish social network Wamba for approximately €4 million euros with earn-outs according to various Spanish and Latin-American media.
Spanish language social networking site Sonico is the biggest social networking site you’ve probably never heard of before today. If you haven’t you wouldn’t be alone, it has zero hits in Google News as I write this post. Buenos Aires based Sonico from FNBox launched in August 2007 with the usual social networking mix of message boards, profiles and networks based on school or… → Read More
¡Que rico! Early Skype investor Morten Lund has gained 40% ownership of Wamba after making an investment of 3M euros in the Spanish social network. Wamba launched this past March as a Pan-European social network but has recently focused on Latin America where it will compete with hi5, MySpace, and Orkut (although apparently with the intention of capturing the Spanish-speaking, not the… → Read More