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Tiger Global Takes LinkedIn Stake
by Paula Schaap ,Senior Reporter , July 28, 2010

Tiger cub firm Tiger Global Management reportedly has taken a $20 million stake in online professional networking company LinkedIn.

The 1% stake values LinkedIn at more than $2 billion, according to a Bloomberg report.

Tiger Global declined to comment on the stake. Mountainview, Calif.-based LinkedIn could not be immediately reached for comment.

LinkedIn, founded in 2003, has more than 70 million members. Its focus is on networking for business purposes as opposed to the more popular Facebook (500 million users), which focuses on personal networks.

Tiger Global is one of the so-called Tiger Cub firms founded by former staffers of Julian Robertson’s Tiger Management. Founder Chase Coleman was an analyst at Tiger Management before he started up his own firm with seeding money from his former employer.

Go to Bloomberg article

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