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Is Rupert Murdoch eyeing LinkedIn?


Is Rupert Murdoch eyeing LinkedIn?

By Emma Thelwell

Last Updated: 12:48am GMT 23/11/2007


Rupert Murdoch's News Corp is rumoured to be in takeover talks with LinkedIn, the professional networking site founded by Reid Hoffman.

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  • According to a report on TechCrunch, the blog covering Web 2.0 and mobile start-ups, the two are in talks over a possible sale in January 2008.

    The blog cited an unconfirmed rumour from a "very well-placed" reliable source.

    However, in an interview with the Daily Telegraph yesterday, when asked if he planned to sell LinkedIn to Mr Murdoch, Mr Hoffman said no.

    He then added: "I would make LinkedIn a public company – but not until we've finished innovating. I find companies are more innovative when they're private."

    LinkedIn is now the largest professional networking site in the UK - its 1m users include senior executives for 96 of the FTSE 100 companies. In the US, all of the Fortune 500 companies have an executive level presence.

    Yesterday, Mr Hoffman said he was looking at how to enter the Asian market, which he deemed "young". He also spoke of plans to expand the site's European reach, which currently stands at 5m users.

    Mr Hoffman hired a new chief executive for LinkedIn in February, taking up the role of chairman and president. He still works full-time at LinkedIn's offices in Silicon Valley, California.

    A spokesman for LinkedIn said there was "absolutely no truth in the rumour" today



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