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LinkedIn Corporation to acquire Bizo

Tuesday, 22 Jul 2014 04:25pm EDT 

LinkedIn Corporation:Enters into agreement to acquire Bizo.Bizo offers technology and products that enable measurable display and social advertising programs specifically focused on professional audience segments.Based in San Francisco, CA, Bizo was founded in 2008 by Russell Glass, Bryan Burdick, Donnie Flood, Mark Dye, Lee Byrne and Yonatan Stern.Transaction is valued at about $175 mln, subject to adjustment, in combination of about 10 percent stock and about 90 percent cash.Subject to completion of customary conditions, acquisition is expected to close during third quarter of 2014. 

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0.67 +0.32%
4:02pm EDT