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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.