Market Overview

These Venture Capitalists Were Bullish On LinkedIn

These Venture Capitalists Were Bullish On LinkedIn
Related LNKD
How Public Relations Firms Are Capitalizing On The Marijuana Green Rush
Non-Horrible Bosses: Meet The Best CEOs Of 2017

Many LinkedIn Corp (NYSE: LNKD) investors are celebrating a huge gain on Monday after the company agreed to sell itself to Microsoft Corporation (NASDAQ: 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.

Related Link: Good For LinkedIn, 'Terrible' For Microsoft

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.

Posted-In: Amir Goldman Fintech Awards Gala Roger EhrenbergFintech News M&A Exclusives Tech Best of Benzinga


Related Articles (MSFT + LNKD)

View Comments and Join the Discussion!