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We just got a tip-off from a reliable source that IDT, the telecoms company that acquired the mobile ringtone and wallpaper-sharing site Zedge.net back in December, has now acquired the Latino social network MiMun2 for an undisclosed sum.
We haven't covered the market much in the past, but Latino social networks are increasing in number - an article in Adweek on Monday pointed to elHood, MiGente, VozLatina, ZonaZoom, quepasa, Lazona and newcomer LatinosConnected, which launched in December 2006. The Hispanic market, it seems, is a highly contested niche.
We don't have a price for MiMun2, but it doesn't seem to be massive right now - make your guesses in the comments, as you always do. ;)
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