German publisher Burda makes offer for social network Xing

FRANKFURT Fri Oct 26, 2012 2:32am EDT

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FRANKFURT Oct 26 (Reuters) - German publisher Burda on Friday said it has made a takeover bid for business social network Xing AG of 44 euros per share.

Burda added it already holds 38.89 percent in Xing.

Xing has a market value of about 200 million euros ($259.19 million), based on a Thursday closing price of 37.31 euros per share. ($1 = 0.7716 euros) (Reporting by Ludwig Burger)

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