RealTime IT News

Freenet Buys meOme

[Berlin, GERMANY] The freenet.de AG online service is taking over 75.1 percent of n-tree AG, Berlin. Additionally, an option to take over the remaining shares has apparently been arranged. Freenet, an Internet portal belonging to Mobilcom AG (B|delsdorf), announced today that a relevant preliminary contract was signed on Friday. Exact figures were not named. n-tree AG provides the meOme.de Internet service, which defines itself as an expert network for professional information.

The meOme.de model is based on the successful American model about.com, and it finances itself through targeted marketing, advertising, and e-commerce. For the short term, this service is also going to be integrated into the freenet.de portal as well as into target group-oriented portals such as 4Players, Geeksworld, and DINO-Online. Mobilcom, freenet's parent company, says that they are looking for an international cooperation partner for the service, and insiders are not ruling out a sale.