LinkedIn Announces Two Recent Acquisitions
On July 22, 2014, LinkedIn announced that it has entered into an agreement to acquire Bizo, a marketing firm that has developed technology to help marketers identify new prospects and target them with relevant content. WSGR advised LinkedIn in the transaction.
According to a LinkedIn press release, the transaction is valued at approximately $175 million, subject to adjustment, in a combination of approximately 10 percent stock and 90 percent cash. Subject to the completion of customary conditions, the acquisition is expected to close during the third quarter of 2014.
The WSGR Team advising LinkedIn on the Bizo transaction included:
To learn more, please see LinkedIn's press release.
The Bizo news follows an announcement on July 17, 2014, that LinkedIn has acquired Newsle, a service that alerts users when anyone in their social media network is mentioned on the Web. WSGR also advised LinkedIn in the Newsle transaction. Terms of the deal were undisclosed.
The WSGR team advising LinkedIn on the Newsle transaction included:
For more information, please see LinkedIn's blog announcement.