LinkedIn is acquiring Bright for $120 million

The deal is anticipated to shut through the finish regarding the initial economic quarter.. This particular acquisition is practical because LinkedIn tends in order to make the vast majority of their own revenue through "Talent Solutions."Bright raised around $20 million inside funding through Toba Money as well as Passport Capital. This kind of could be a fantastic approach to filter out unqualified candidates. This particular deal was paid out pertaining to using 73% throughout stock and also 27% throughout cash.[Source: LinkedIn Blog/Recode]LinkedIn is acquiring Bright regarding $120 millionLinkedIn is acquiring Bright for $120 millionTags: Bright, LinkedIn, StartupsBright makes use of algorithms to assign a score according to how great of the match it really is in between the candidate and furthermore the job. LinkedIn announced link here about Thursday that they tend to be acquiring job search startup Bright with regard to $120 million. the professional social network acquired SlideShare with regard to $119 million along with Pulse pertaining to $90 million. This is LinkedIn's largest acquisition thus far