logo
Share SHARE
FONT-SIZE Plus   Neg

Xing Buys Intelligence Competence Center

Xing AG (XNGAF.PK) said that it has acquired all shares in Aschaffenburg-based Intelligence Competence Center (Deutschland) AG, the operator of the largest jobs search engine in German-speaking countries,inter alia under the domain www.jobborse.com.

XING AG has to make an aggregate payment of approximately 6.3 million euros to all shareholders of Intelligence Competence Center (Deutschland) AG for 100% of
the shares.

Depending on the achievement of operating targets for 2015 and 2016, the main shareholder and founder of Intelligence Competence Center (Deutschland) AG may receive additional purchase price payments of up to 2.4 million euros by February 2017.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S. Facebook Chief Operating Officer Sheryl Sandberg has donated nearly $100 million in Facebook shares to charity. This is her second charitable donation within a year. A document was filed on Thursday with the Security and Exchange Commission, which shows that Sandberg transferred shares to a special fund she uses for charitable donations. Ford Motor Co.'s new CEO Jim Hackett has taken a more cautious approach to the automaker's plans for rolling out autonomous vehicles. Ford is currently undertaking a 100-day review of its operations and Hackett indicated at delays to the company's plans to launch a fully-autonomous vehicle by 2021.
comments powered by Disqus
Follow RTT