Mario Gabelli Comments on LinkedInCorp

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Jan 31, 2017

LinkedInCorp. (NYSE:LNKD) is a Mountain View, California-based business. The company operates a professional social network, which currently has over 400 million members. On June 13, 2016, Microsoft made a $196 cash per share offer to acquire the company for a total cost of $26 billion. The deal received the necessary shareholder and regulatory approvals and closed on December 8, 2016. The Fund earned a 6.13% annualized return.

From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.

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