XING AG (XTRA:O1BC) acquired InterNations GmbH from Ecommerce Alliance AG (DB:ECF) and others for €30 million on July 13, 2017. The basic acquisition price is around €10 million. The basic price may be expected to rise by between €8 million and €20 million from earn-out payments provided ambitious operating targets are met by 2020. InterNations will continue to operate as a separate brand. Founders of InterNations, Malte Zeeck and Philipp von Plato will remain with the company and continue to manage the business. Christian Tönies, Nico Fischer, Minkus Fischer, Sebastian Gerlinger and Georg Seitz of P + P Pöllath + Partners acted as legal advisors to InterNations GmbH and to the sellers.

XING AG (XTRA:O1BC) completed the acquisition of InterNations GmbH GmbH from Ecommerce Alliance AG (DB:ECF) and others on July 13, 2017.