Mio.tv Picks Up Spanish Social Network Wamba For €4 Million

Latino-targeting online entertainment and communication services provider Mio.tv has acquired Spanish social network Wamba for approximately €4 million euros with earn-outs according to various Spanish and Latin-American media. Considering the fact that the startup had raised €3 million from early Skype investor and serial entrepreneur Morten Lund back in 2007, this isn't exactly a home run for the Spanish company.


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