Another cracker from the ever-reliable Mike Butcher at TechCrunchUK; a reliable source says that News Corporation is negotiating to buy the networking site for professionals, LinkedIn, in January next year.
Butcher cites a reliable source, and says the deal would be a good fit for News Corp, which would have recognised how LinkedIn has a powerful userbase that is increasingly being used for recruitment - a trend that is increasingly impacting newspaper ad revenues.
It fits with the Wall Street Journal demographic - the latest soon-to-be-closed News Corp Acquisition deal. And buying on-lien properties in core demographic areas is a News Corp trait - with MySpace, of course, but also the graduate recruitment site Milkround, if I remember rightly.
LinkedIn has more than 16m registered users and grew 189% last year. It has also been profitable since March 2006 having raised a total of $26m in funding and recorded revenue of $10 for last year. A fit with the Wall Street Journal, which is aiming to broaden its scope to general news? Let's see.
Source: TechCrunchUK
Technorati Tags: LinkedIn, Milkround, MySpace, NewsCorp, WallStreetJournal
