LinkedIn to Buy Bizo for $175 Million to Expand Marketing
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LinkedIn Corp., owner of the largest professional-networking website, agreed to buy business-marketing startup Bizo Inc. for about $175 million.
LinkedIn will pay 10 percent of the purchase price in stock and the rest in cash, the Mountain View, California-based company said yesterday in a statement. The acquisition of San Francisco-based Bizo, which was founded in 2008, is expected to close in the third quarter.