Shares In XING Soar On Buyout Rumors – Is LinkedIn Interested?

Why are shares in XING, the German-born business social network that competes most with LinkedIn in Europe, skyrocketing?

Rumors are reaching me that prominent stakeholders in XING – current and former employees – are taking advantage of this moment to offload significant share stakes, and who can blame them. So why the spike? Well, it appears there is chatter of a buyout deal in the offing. But who would want to buy XING? Well the obvious answer is LinkedIn. Such a deal would consolidate it’s position in Europe, making it basically unassailable in business networks.