TMG Closing Hyves Social Network

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The Telegraaf Media Group (TMG) said it will shut down the Dutch social network Hyves, Telecom Paper reports.

The company said that users will have until mid-November to apply to download personal photos and videos from the site. Hyves expects to process the requests by the end of the year, the paper said.

Hyves / Flickr

TMG plans to fully focus on gaming business.

Hyves, launched in 2004, was acquired by TMG for €43.7 million in 2010.