United Internet to invest more in web start-ups
United Internet is stepping up its co-investments with the German Internet entrepreneurs who founded ringtone company Jamba to give it a better chance of investing earlier in start-up talent.
United Internet said in a statement on Monday it would invest more together with the European Founders Fund, formed by brothers Alexander, Marc and Oliver Samwer.
A spokesman for Germany's second-biggest Internet service provider said this would allow United Internet to get involved at an earlier stage of development of promising start-ups and possibly take larger stakes in such new companies.
He declined to say what United Internet's investment volume would be.
The Samwer brothers founded alando, now eBay Germany, and mobile phone ringtones firm Jamba, which was behind the Crazy Frog ringtones and is now being bought by Rupert Murdoch's News Corp. for about $188 million.
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