TELEKOM — Apr — EMT, a subsidiary of Eesti Telekom, purchased 51% of Serenda Investment OÜ which owns Rate.ee. 49% of rate.ee belongs to Andrei Korobeinik, the founder. Rate.ee is the biggest social network in Estonia and connects 360,000 users. The aim of the acquisition is to provide and expand telecommunication and multimedia services. The complete transaction is valued ~40 million kroons / 2.5 million Euros.
The full article was originally published at Telekom, but is no longer available.
Mark Brooks: Do you know of other non-english social networks? If so, please comment…
Fotka.pl, the biggest “hot or not” site in Poland connects over 2mln users (and over 1mln photos).