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Edition: U.S. Article Comments (1) Save Email Print Reprints Most Popular Most Shared Cancer cells slurp up fructose, US study finds 02 Aug 2010 Iran's Ahmadinejad unhurt after blast near motorcade | Video 4:08pm EDT RIM unveils new BlackBerry to counter Apple iPhone | Video 8:01am EDT UPDATE 3-Nearly 3/4 of BP spill oil gone from Gulf 11:15am EDT Blood on the rocks by Israel-Lebanon tripwire 5:44am EDT Missouri votes to block U.S. health insurance law 03 Aug 2010 Barnes & Noble shares soar on sale plans | Video 4:21pm EDT Nearly 3/4 of BP spill oil gone from Gulf 11:17am EDT India not convinced with RIM's arguments - report 03 Aug 2010 Pakistan's Zardari says war with Taliban being lost 03 Aug 2010 Cancer cells slurp up fructose, US study finds 02 Aug 2010 Iran's Ahmadinejad unhurt after blast near motorcade | Video 4:08pm EDT Missouri votes to block U.S. health insurance law 03 Aug 2010 U.S. billionaires pledge fortunes to charity 3:18pm EDT Barnes & Noble shares soar on sale plans | Video 4:21pm EDT Study: Could gut germs underlie Western allergies? 02 Aug 2010 RIM unveils new BlackBerry to counter Apple iPhone | Video 8:01am EDT UPDATE 3-Nearly 3/4 of BP spill oil gone from Gulf 11:15am EDT Cancer cells slurp up fructose, U.S. study finds 02 Aug 2010 EU Commission chose iPhone and HTC over BlackBerry 6:36am EDT LinkedIn makes first acquisition Digg This Tweet This Share on LinkedIn Share on Facebook Related Topics Technology » iPad » Deals » LinkedIn CEO Jeff Weiner talks to reporters during the Reuters Technology Summit in San Francisco, California May 17, 2010. Credit: Reuters/Robert Galbraith SAN FRANCISCO | Wed Aug 4, 2010 3:08pm EDT SAN FRANCISCO (Reuters) - LinkedIn is making its first acquisition, a company that sifts through large amounts of data to try to determine relevant information, the business social networking site said on Wednesday, LinkedIn said it will buy Pittsburgh-based mSpoke to help improve its ability to filter messages and news articles that its users share on its network. MSpoke also will improve LinkedIn's recommendation engine, which flags people, jobs and other insights about LinkedIn's members, LinkedIn Chief Executive Jeff Weiner said in an interview. "This is one of our top priorities. There is considerable R&D going into this," said Weiner. Terms of the deal were not disclosed. Weiner said that LinkedIn has roughly $76 million that it raised in 2008 in the bank, and that it funded the deal through operating cash flow. Privately held LinkedIn, which makes money from advertising and premium services, does not disclose its financial results, but Weiner said that the company's revenue growth has accelerated and profit has risen this year. MSpoke's two founders will join LinkedIn too, Weiner said. LinkedIn has added roughly 10 million new members since April, with the social network now counting more than 75 million members worldwide. (Reporting by Alexei Oreskovic. Editing by Robert MacMillan) Technology iPad Deals Comments See All Comments (1) | Post Comment Aug 04, 2010 4:24pm EDT I use LinkedIn for my private communications with the government as well as others and is a good site. I hope their acquisition will not layoff any workers. We need them to stay employed. Thank you! Doug_Buettner Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. 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