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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