LinkedIn: Yes, We Had M&A Talks
By Rafat Ali - Sun 20 Jan 2008 01:24 PM PST
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.
Posted in: Information, Biz & Fin, Social Media
Tags: reid hoffman, linkedin,





