Hedge Fund News From HedgeCo.Net

LinkedIn ‘worth over $2bn’ as hedge fund Tiger takes stake

Independent – LinkedIn, the social network for professionals, is believed to have received investment from a hedge fund that values the site at more than $2bn (£1.3bn).

Tiger Global Management paid $20m to buy a 1 per cent share from existing holders in the private company, according to Bloomberg.

This has almost doubled the site’s value in just two years, after the private equity group Bain Capital took a 5 per cent stake in 2008 that valued the company closer to $1bn.

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