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LinkedIn Spends $119 Million on SlideShare — the YouTube of Slide Shows (Mashable) Professional social network LinkedIn on Thursday snagged presentation-sharing platform SlideShare for $118.75 million. SlideShare now attracts 29 million monthly visitors, while LinkedIn sees 107 million unique monthly visitors. GigaOM The acquisition, which involves 45 percent cash and 55 percent stock, gives LinkedIn another way to connect its users, who are often communicating and promoting themselves through PowerPoint presentations, slide shows and other content. TechCrunch The move makes a lot of sense from a product point of view. SlideShare recently deepened its integration with LinkedIn, and the two companies have compared their relationship to chocolate and peanut butter for professionals. The San Francisco Chronicle The Mountain View-Calif. based company, whose shares have more than doubled since its initial public offering last May, said membership increased to 161 million from 150 million in the fourth quarter. The company is signing up more professionals for its subscription services and attracting advertisers who want to reach the growing user base. CNBC LinkedIn reported quarterly earnings and revenue that beat Wall Street’s expectations. The company posted first-quarter earnings excluding items of 15 cents per share on revenue of $189 million. Net income rose to $5 million, from $2.1 million in the same quarter a year ago. Read more
