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Monday, LinkedIn – the company's social network that operates as an independent subsidiary of Microsoft – has announced its intention to acquire Glint, a startup in the employee survey.
Although LinkedIn has not disclosed the terms of the agreement, CNBC reports that the purchase price has risen to more than $ 400 million or more than $ 500 million. , citing people close to the file. A spokesman for the company did not provide detailed information on the financial status of the deal with Business Insider, but said it was "one of the most important acquisitions under the brand. LinkedIn ".
Glint – who specializes in employee surveys to gauge their satisfaction with management, compensation and other internal issues – has taken a final round of the 20 million Series D round. in November 2017, under a contract awarding the company a valuation of $ 220 million.
"Our knowledge of employee success, as well as LinkedIn's success across all employees, will be a powerful combination that will help customers attract, grow and retain the best talent," said the CEO and co-founder. Glint founder Jim Barnett in his blog post announcing the deal.
The company, based in Redwood City, Calif., Has more than 200 employees and has spurred major companies to use its software, including Alphabet, Waymo, Dish Network and United Airlines.
The high price could indicate that Microsoft continues to support LinkedIn as an independent service, giving it the latitude it needs to complete large acquisition deals to develop its own business.
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