LinkedIn Puts Up $120M For Job Search Startup Bright

Law360, New York (February 7, 2014, 1:20 PM EST) -- Professional social networking site LinkedIn Corp. announced Thursday that it will acquire Bright, a venture-backed job matchmaking startup based in San Francisco, for $120 million in a stock-and-cash deal that bolsters LinkedIn’s job search capabilities.

Mountain View, Calif.-based LinkedIn said in a statement that the $120 million acquisition of Bright consists of approximately 73 percent stock and 27 percent cash. It's LinkedIn's largest acquisition to date and follows other notable recent acquisitions, such as its $90 million acquisition of Pulse, a Web and mobile newsreader, in...
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