Samwer said the brothers have taken an undisclosed stake in the company and that they’ll be Facebook’s strategic partners in Europe.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":73922,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"D"}']But the relationship with Facebook is apparently warming up, and we’re wondering if this heralds a deeper partnership, or even merger between Facebook and StudiVZ, one of the largest college-based networks in Europe, popular mainly in Germany, Austria, Switzerland and reporting more than four million members mid-way through last year.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
The brothers’ stake in Facebook is likely quite small. Microsoft got a mere 1.6 percent of Facebook, in return for its $240 million investment. The Samwer Brothers are typically angel or early-stage investors in companies, and invest nowhere near that amount in their deals.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More