New Work SE
XING AG: XING acquires amiando AG
XING AG / Key word(s): Acquisition 09.12.2010 16:13 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Hamburg, December 9, 2010. Today XING AG (O1BC / ISIN DE000XNG888), a publicly listed company based in Hamburg, Germany, announces the acquisition of amiando AG, based in Munich, Germany, effective as of January 1, 2011. The acquisition price comprises a number of components. At the time of acquisition, XING AG will initially pay appr. EUR 5.1 million. An additional payment of up to EUR 5.25 million will also be made on March 31, 2013, if various conditions are met. Examples of these conditions include the current management team remaining within the company and the achievement of specific revenue and profit targets. XING AG's acquisition of amiando will allow the company to cover the entire online event management and ticketing value chain. Patrick Möller Director Investor Relations Gaensemarkt 43 20354 Hamburg Germany Tel. +49 40 419131-793 Fax +49 40 419131-44 investor-relations@xing.com 09.12.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: XING AG Gänsemarkt 43 20354 Hamburg Deutschland Phone: +49 (0)40 419 131-793 Fax: +49 (0)40 419 131-11 E-mail: investor-relations@xing.com Internet: www.xing.com ISIN: DE000XNG8888 WKN: XNG888 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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