[HIB]LinkedIn Now Worth Over $2 Billion

A new report suggests that LinkedIn's value has surpassed the $2 billion mark, based on recent investments from outside investors. According to Bloomberg, hedge fund Tiger Global Management spent $20 million to acquire approximately a one percent stake in the business social network. The hedge fund specifically paid $21.50 per share. That's where the math comes in. According to SharesPost, an online marketplace for privately-held companies, LinkedIn has 105 million shares outstanding. Multiply that by the $21.50 Tiger Global Management spent, and you arrive at a valuation of $2.26 billion. It's important to note that Tiger Global didn't make a new investment in the company; it acquired its shares from an existing investor.

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