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LinkedIn Corp to acquire Bright


Thursday, 6 Feb 2014 04:06pm EST 

LinkedIn Corp:Says it agreed to acquire Bright, a company that leverages data insights and matching technology to connect prospects and employers.The transaction is valued at about $120 million, subject to adjustment, and consists of about 73 percent stock and about 27 percent cash.Says stock being issued in the transaction will be done so in a private placement.Says subject to the completion of customary closing conditions, the acquisition is expected to close during the first quarter of 2014.