Many LinkedIn Corp LNKD investors are celebrating a huge gain on Monday after the company agreed to sell itself to Microsoft Corporation MSFT for a hefty premium.
Microsoft agreed to acquire LinkedIn in a deal that values the company at $26.2 billion, or $196 per share, a roughly 50 percent premium to Friday's closing price of $131.08.
Investors, traders and other market participants who attended the Benzinga Fintech Awards were treated to a panel hosted by several notable venture capitalists who were bullish on LinkedIn's stock.
Amir Goldman, managing partner at Susquehanna Growth Equity, said he is "very very long."
Roger Ehrenberg, another panelist, also displayed a bullish sentiment although not to the same extent. "Long, just not quite as long," the managing partner at IA Ventures said.
On the other hand, Vincenzo La Ruffa, partner at Aquiline Capital Partners said he was once long, but is currently short LinkedIn.
Shares traded recently at $192.70, up 47 percent or $61 per share.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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