Hyves Sold To Media Group, As European Social Networks Feel The Facebook Heat
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
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.
- Poland’s Facebook, Nasza Klasa, Rumoured To Be On The Block For €130m
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