![]() ![]() It also makes the first tri-county member of the “unicorn club” of billion-dollar startups. The deal compares in size with only two other Silicon Valley acquisitions in the past five years: Yahoo’s 2013 purchase of Tumblr for $1.1 billion and Facebook’s 2012 purchase of Instagram for $1 billion. bought in an all-stock deal in August 2000, a few months after the dot-com bubble had begun to burst. It is the second largest tech acquisition in the tri-county region’s history, after the $6.9 billion purchase of Santa Barbara-based. Neither firm has released information on the fate of ’s Carpinteria headquarters or the company’s roughly 600 employees. ![]() The company is headquartered on a 12-acre campus in Carpinteria, with additional California offices in San Francisco and Calabasas. It has been profitable since two years after its founding in Ojai in 1995. , one of the fastest-growing firms in the Tri-Counties, generated $150 million in revenue in 2014. LinkedIn stock traded up 0.75 percent to $254.14 the day the deal was announced. The acquisition of will give it access to the South Coast company’s library of training videos and its global customer base, which it hopes to expand to offer corporate education and professional certification. Making a $1.5 billion bet on building an economic map to connect professionals across the globe, social networking platform LinkedIn is acquiring Carpinteria-based in a cash and stock deal.īased in Mountain View, LinkedIn has joined the ranks of social media behemoths by focusing on career development and networking. Co-founder and Chief Innovation Officer Bruce Heavin and co-founder and Executive Chair Lynda Weinman at the company’s Carpinteria headquarters. ![]()
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