LinkedIn (LNKD) Higher on Possible Deal to Enter China
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LinkedIn (NYSE: LNKD) is seeing upside action in pre-open trading Wednesday following reports the company may soon sign a deal to enter China.
LinkedIn founder Reid Hoffman met with Baidu (Nasdaq: BIDU), 360.cn, Sina (Nasdaq: SINA) and Renren.com (Nasdaq: RENN) last week, likely about entering the populous country, according to reports from CNET News China.
"The content of their discussions was probably about LinkedIn entering China," a source was quoted as saying.
Shares of LNKD last traded at $88, up 3.4% from Tuesday's close
LinkedIn founder Reid Hoffman met with Baidu (Nasdaq: BIDU), 360.cn, Sina (Nasdaq: SINA) and Renren.com (Nasdaq: RENN) last week, likely about entering the populous country, according to reports from CNET News China.
"The content of their discussions was probably about LinkedIn entering China," a source was quoted as saying.
Shares of LNKD last traded at $88, up 3.4% from Tuesday's close
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