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LinkedIn,
LNKD,
the world's largest professional network on the Internet with approximately
277 million members worldwide, today announced it agreed to acquire Bright, a
company that leverages data insights and matching technology to connect
prospects and employers.
The transaction is valued at approximately $120 million, subject to
adjustment, and consists of approximately 73 percent stock and approximately
27 percent cash. The stock being issued in the transaction will be done so in
a private placement. Subject to the completion of customary closing
conditions, the acquisition is expected to close during the first quarter of
2014.
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