SocialMedian sold to Xing, Goldberg moving to Germany

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SocialMedian sold to Xing, Goldberg moving to Germany

John Cook on Friday, December 19, 2008, 5:40am PST

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Jobster | Mergers and acquisitions | Startups | Web 2.0

Jason Goldberg

Jason Goldberg's other startup company, Socialmedian, has been sold to Hamburg, Germany-based Xing in a deal that the former Jobster CEO says is an "awesome development."

As part of the deal, Goldberg will move to Hamburg. Xing -- which is publicly traded and boasts 6.5 million members -- is a European social network that is similar to LinkedIn. Interestingly, LinkedIn and Xing were competitors to the early incarnations of Jobster, where Goldberg left earlier this year after a rocky tenure.

Socialmedian provides filtered news to individuals.PaidContent.org puts the purchase price at $4 million in cash and stock, plus an earnout if milestones are met.

"Combining XING with socialmedian's next generation social news technology offers great potential to deliver highly engaging content and services to business professionals worldwide," said Goldberg, who will serve as vice president of Xing's applications platform.

In a blog post, Xing's Lars Hinrichs calls Goldberg a "pioneer in the Internet business" and says they can't wait to have him join the team in Hamburg.

Meanwhile, back in Seattle, Jobster contineus to cut back. It laid off more than a third of its staff last month. But as I pointed out earlier this month, a number of ex-Jobsters have created new startups.

About John Cook

John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.

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