More on Rupert Murdoch and LinkedIn

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Tuesday, December 04, 2007

More on Rupert Murdoch and LinkedIn

Rupert Murdoch's News Corp. is not holding takeover discussions with LinkedIn, a fast-growing social network for professionals, according to a source familiar with the matter.

The source shot down rumors from the United Kingdom that the two were discussing a deal worth about $1 billion.

News Corp. and LinkedIn declined to comment.

At first glance, a deal could make sense. LinkedIn could provide the technology and services underpinnings to connect the business world readers of Dow Jones publications, after Murdoch's $5.6 billion deal for the Wall Street Journal publisher closes this year...

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