Sunday, January 20, 2008

Rafat Ali: LinkedIn: Yes, We Had M&A Talks

"Not that this is a surprise, but LinkedIn founder Reid Hoffman has finally admitted it has been having talks with the “usual suspects” for a buyout, but then decided not to. “I know we are going to be much more valuable in a year or two...We have had (buyout) conversations with all the usual suspects, but I think an IPO is by far and away the most likely outcome”, Hoffman told AP. The story says an IPO is likely in a year or two. The company is still projecting $75 million to $100 million of revenues in 2008...about 18 million people now have profiles on the site, roughly twice as many as a year ago, the company says.
Updated: LinkedIn CEO Coy On Sale Rumors; $1 Billion Not Enough "

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