German media Firm Burda Buys Stake In Mutilmedia Sharing Site Sevenload
By Rafat Ali - Wed 28 Mar 2007 08:25 PM PST
German media/magazine group Burda Media, though its arm Burda Digital Ventures, has taken a stake in local video and photo portal Sevenload. Burda bought one fifth of Sevenload’s shares, though other terms were not disclosed. The media company has been buying small stakes in online companies since last year.
More info in the release here.
Related:
-- Burda Media Buys 30 Percent Stake in German Nightlife Community Site
-- German Magazine Giant Burda Media Planning Major Net Acquisitions Abroad
Posted in: Countries, UK & Europe, Germany, Social Media, Photo Sharing, Video Sharing, VC+M&A
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