An Interest In:
Web News this Week
- April 13, 2024
- April 12, 2024
- April 11, 2024
- April 10, 2024
- April 9, 2024
- April 8, 2024
- April 7, 2024
Some of Our Sources
- TutsPlus - Code
- Spoon Graphics
- Six Revisions
- You The Designer
- Fuel Your Creativity
- FanExtra - PSD
- Crazy Leaf Design
- Android Headlines
- Willems Lab
- The Verge
Help Webnuz
Referal links:
February 7, 2014 02:20 am GMT
Today, alongside a fourth quarter earnings report in which it beat Wall Street estimates yet again, LinkedIn announced its intentions to acquire data-savvy job search startup, Bright.com, for $120 million. The deal, which was 70 percent stock and 30 percent cash the company said, will be completed during the first quarter of this year. In a statement today, LinkedIn said that “several members of Bright’s team,” which now numbers over 50 –particularly those on its engineering and product teams — will be joining LinkedIn in the coming weeks. However, one notices that the announcement conspicuously leaves out any mention of Bright’s founders and whether or not they will be joining LinkedIn’s team in Mountain View. Either way, what is clear is that, unfortunately for Bright.com users and loyalists, as a result of the acquisition, access to the startup’s job search products will continue until February 28th, at which point it LinkedIn will pull the plug. Why did LinkedIn buy Bright, you ask, and whatever happened to that Monster.com fella? While we can’t answer for the latter, we do know that the Bright.com purchase is the latest in a fairly short string of acquisitions LinkedIn has made over the last two years. No Yahoo by any means, LinkedIn has been methodically and strategically picking off startups that will either help expand its growing professional content network or its talent solutions products. It more or less began with LinkedIn’s acquisition of popular email-embedded contact management tool, Rapportive, for around $15 million in early 2012. Since then, as LinkedIn’s public-facing product has put more emphasis on facilitating content-sharing rather than contact-sharing, it’s picked up popular presentation, slideshow and document sharing network, SlideShare, for $119 million and made its big news reader play by snatching up Pulse for $90 million. The Bright.com acquisition, at least in this context, appears to be a return to home base, and LinkedIn’s first acquisition of any product or startup operating on its home turf — i.e. the job search and professional networking market. As such, this could very likely have been a “defensive” play to acquire an increasingly popular competitor before it turned into a behemoth. Updating
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/VS_LlF_YslM/
LinkedIn Snatches Up Data Savvy Job Search Startup Bright.com For $120M, In Its Largest Acquisition To Date
Today, alongside a fourth quarter earnings report in which it beat Wall Street estimates yet again, LinkedIn announced its intentions to acquire data-savvy job search startup, Bright.com, for $120 million. The deal, which was 70 percent stock and 30 percent cash the company said, will be completed during the first quarter of this year. In a statement today, LinkedIn said that “several members of Bright’s team,” which now numbers over 50 –particularly those on its engineering and product teams — will be joining LinkedIn in the coming weeks. However, one notices that the announcement conspicuously leaves out any mention of Bright’s founders and whether or not they will be joining LinkedIn’s team in Mountain View. Either way, what is clear is that, unfortunately for Bright.com users and loyalists, as a result of the acquisition, access to the startup’s job search products will continue until February 28th, at which point it LinkedIn will pull the plug. Why did LinkedIn buy Bright, you ask, and whatever happened to that Monster.com fella? While we can’t answer for the latter, we do know that the Bright.com purchase is the latest in a fairly short string of acquisitions LinkedIn has made over the last two years. No Yahoo by any means, LinkedIn has been methodically and strategically picking off startups that will either help expand its growing professional content network or its talent solutions products. It more or less began with LinkedIn’s acquisition of popular email-embedded contact management tool, Rapportive, for around $15 million in early 2012. Since then, as LinkedIn’s public-facing product has put more emphasis on facilitating content-sharing rather than contact-sharing, it’s picked up popular presentation, slideshow and document sharing network, SlideShare, for $119 million and made its big news reader play by snatching up Pulse for $90 million. The Bright.com acquisition, at least in this context, appears to be a return to home base, and LinkedIn’s first acquisition of any product or startup operating on its home turf — i.e. the job search and professional networking market. As such, this could very likely have been a “defensive” play to acquire an increasingly popular competitor before it turned into a behemoth. UpdatingOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/VS_LlF_YslM/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch