Following closing, members of the Pulse team, including those from Engineering, Product and Design, will join LinkedIn at the company's Mountain View, Calif., headquarters. The existing Pulse apps will continue to be supported as the integrated Pulse and LinkedIn teams work to build future generations of professional content consumption products.
The transaction is valued at approximately $90 million, subject to adjustment, in a combination of approximately 90 percent stock and approximately 10 percent cash, and the stock being issued in the transaction will be done so in a private placement. Subject to the completion of customary conditions, the acquisition is expected to close during the second quarter of 2013.
Nishar blogged about the acquisition at http://blog.linkedin.com/2013/04/11/welcome-pulse-to-linkedin-family , and a SlideShare presentation outlining the deal can be found on LinkedIn's SlideShare page at: https://www.slideshare.net/linkedin/welcome-pulse-to-linked-in-family and on the investor relations section of the LinkedIn website at: http://investors.linkedin.com/. Kothari and Gupta blogged about the acquisition at http://www.pulse.me/linkedin .
About LinkedInFounded in 2003, LinkedIn connects the world's professionals to make them more productive and successful. With more than 200 million members worldwide, including executives from every Fortune 500 company, LinkedIn is the world's largest professional network on the Internet. The company has a diversified business model with revenue coming from Talent Solutions, Marketing Solutions and Premium Subscriptions. Headquartered in Silicon Valley, LinkedIn also has offices across the globe. The LinkedIn logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11096 Forward Looking Statements This press release contains forward-looking statements related to LinkedIn, Pulse, and the potential benefits of the acquisition, including statements regarding future product plans and strategies and the timing of closing. Actual events or results may differ materially from those contained in the forward-looking statements due to risks, uncertainties and assumptions. These risks and uncertainties include, but are not limited to, risks associated with: our ability to successfully integrate Pulse and its technology and personnel; execution of our plans and strategies, including with respect to mobile products and features; demand for content consumption products; and other important factors that could cause results of the acquisition and related transactions to differ materially from those contained in LinkedIn's forward-looking statements described in the documents LinkedIn files from time to time with the SEC, including LinkedIn's most recent Form 10-K, as well as LinkedIn's future filings. Although LinkedIn believes that the expectations reflected in the forward-looking statements are reasonable, LinkedIn cannot guarantee future results, levels of activity, performance, or achievements. LinkedIn is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.
CONTACT: Press contact LinkedIn Corporate Communications Team firstname.lastname@example.org
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