LinkedIn announced that a $ 175 million acquisition of Bizo 90% will be paid in cash

Netease Technology News July 23 news, according to foreign media reports, social recruitment website LinkedIn announced on Tuesday that the company will be 175 million US dollars price acquisition of advertising technology and advertising effectiveness evaluation service provider Bizo.

LinkedIn said in a statement that 90% of the transaction amount is paid in cash and the rest depends on the stock. The acquisition is expected to be completed in the third quarter. Founded in 2008, Bizo can publish accurate advertisements for the workplace and evaluate the effectiveness of advertising campaigns.

LinkedIn has more than 300 million users. The day before the deal was announced, Yahoo said it would buy Flurry. Flurry is a company that helps businesses develop mobile apps and design mobile advertising campaigns.

LinkedIn shares fluctuated little after the news after the trading session. At today's regular trading session, the stock closed at $ 165.50, up $ 3.54, or 2.2%. (Abby)