is bought by Linkedin for Rs.640 Crores

News / Internet is bought by Linkedin for Rs.640 Crores

  • 2012-05-08 02:53:53
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News / Internet is bought by Linkedin for Rs.640 Crores
Professional networking web site LinkedIn has agreed to amass SlideShare, a number one skilled content sharing community for regarding Rs. 640 crore ($119 million). LinkedIn can pay 45% in money and therefore the rest in stock, the social networking firm said in an exceedingly statement on its web site on Friday.

The tight-knit company of 55 workers is headquartered in San Francisco with a key workplace in Delhi, from where engineers worked to form the platform that the Nasdaq-listed LinkedIn found engaging.

Founded in October 2006 by Jon Boutelle, Amit Ranjan and Rashmi Sinha, SlideShare helps professionals discover folks through content, and content through folks. SlideShare users have uploaded over 9 million displays, and in step with comScore, in March SlideShare had nearly twenty nine million distinctive guests, ranking it among the foremost heavily trafficked sites for skilled content.

“We couldn't be happier regarding this. we expect this can be the proper step for the SlideShare community, the site, and therefore the team,” Sinha wrote on her blog, hours once the deal was announced by LinkedIn.
Categories: Internet

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