Home > techcrunch > Hyves Sold To Media Group, As European Social Networks Feel The Facebook Heat

Hyves Sold To Media Group, As European Social Networks Feel The Facebook Heat

November 1st, 2010 11:03 admin Leave a comment Go to comments


"/news/media-cache/2010_11_01_hyves_sold_to_media_group_as_european_based_social_networks_feel_the_facebook_heat-photo_1_1ea6016dd30efe749e1d172c9ec57cc5.jpg"
class="shot2" />
Leading Dutch social network, Hyves, which for a long time held out against
the encroachment of Facebook, is selling the entire company to
Dutch media group TMG (Telegraaf Media Groep) for an undisclosed
sum.

Hyves has a 68% penetration in the Netherlands, but lately
we’ve been told that more and more people are talking about
moving to Facebook.

Hyves was founded eight months after Facebook in 2004 by Raymond
Spanjar, Koen Kam and Floris Rost van Tonningen. It has 10.6
million member accounts.

The move follows rumours of another European social network,
Nasza Klasa in Poland, being put up for sale. Are Europe’s
home-grown social startups finally cashing in their chips before
the Facebook juggernaut rolls over their markets? Almost certainly.
In the last few days we’ve also heard ‘European
MySpace’ Netlog is aso having
a tough time against Zuckerberg’s legions.


Read the rest of this entry »

Source: Hyves Sold To Media Group, As European Social Networks Feel The Facebook Heat

Related Articles:

  1. Poland’s Facebook, Nasza Klasa, Rumoured To Be On The Block For €130m
  2. World Map Of Social Networks Shows Facebook’s Ever-Increasing Dominance
  3. It’s A Facebook World … Other Social Networks Just Live In It
  4. Former Facebook Employee Questions the Social Media Life
  5. [GRAPHIC] Most Don’t Feel Comfortable Sharing Credit Card Info On Social Networks
blog comments powered by Disqus