Burda Media Buys 30 Percent Stake in German Nightlife Community Site
By Rafat Ali - Wed 20 Dec 2006 02:41 PM PST
(via AC Euro) Burda Media, one of the more progressive German media/magazine companies, has been making some major investments in the digital media space: its VC arm Burda Digital Ventures has bought about 30 percent stake in local nightlife community portal site Nachtagenten. The amount invested was not disclosed.
The site was founded in 2002, and says it has 70K registered members and 420K monthly uniques. The German-language release is here. Burda has shares in Abebooks (online bookseller), Onvista (financial portal), and Elitepartners (online dating), in addition to several online portals and ad networks in Germany.
Related:
-- German Magazine Giant Burda Media Planning Major Net Acquisitions Abroad
Posted in: Countries, UK & Europe, Germany, Social Media, VC+M&A
