StudiVZ sold for €100M
According to Spiegel Online, StudiVZ was sold to Holtzbrink Group for about €100M. After OpenBC/Xing’s IPO last month, this is another amazing exit of a Web 2.0 company here in Germany!
Takeaway: Despite all the past issues around the founding team of StudiVZ etc., the community has grown nicely over the last few months, reaching over 1 Mio registered users before in December. The acquisition by Holtzbrinck confirms, that Web 2.0 companies made in Germany do offer great investment opportunities. There is money to be made with Web 2.0! What a great start for 2007!
Recommendations: Time is ripe for the next successful Web 2.0 company/exit made in Germany! Any bets who this will be?
