Today, alongside a fourth quarter earnings report in which it beat Wall Street estimates yet again, LinkedIn announced its intentions to acquire data-savvy job search startup, Bright.com, for $120 million. The deal, which was 70 percent stock and 30 percent cash the company said, will be completed during the first quarter of this year.
In a statement today, LinkedIn said that “several members of Bright’s team,” which now numbers over 50 –particularly those on its engineering and product teams — will be joining LinkedIn in the coming weeks. However, one notices that the announcement conspicuously leaves out any mention of Bright’s founders and whether or not they will be joining the team. As a result of the acquisition, Bright’s users will be able to access the startup’s tools until February 28th, at which point it appears LinkedIn plans to shut it down.
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