Dow Jones has acquired Generate, the much-talked about company in the business social networking space, for an undisclosed amount. As part of the acquisition, Dow Jones will establish a new business unit called Business & Relationship Intelligence in its Enterprise Media Group.
Generates original investors included Conde Nast. The new Dow Jones business unit will focus on providing Generate-enabled solutions to enterprise and media customers.
Michelle Wong, 18 April 2008
Viadeo, a European social network for business contacts has raised a further €5 million in funding from its existing investors, AGF Private Equity and Ventech. The company, which is similar in idea and execution to LinkedIn, plans to use the money to expand its offering into Asia.
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Simon Fox, 03 September 2007