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German Facebook Clone (Studivz) Sells for €100 million
German Facebook clone Studivz has been sold to one of its investors, Georg von Holtzbrinck GmbH, a German publishing group, for €100 million (about $132 million). Other investors of Studivz include the Samwer brothers, founders of ringtone company Jamba (sold for €270M) and Alando (sold to eBay for €43M in 1999).

Source: http://www.techcrunch.com/2007/01/03/german-facebook-clone-sells-for-e100-million/