Saturday, July 14, 2012

LinkedIn may have picked up key Digg patents for $4M prior to its acquisition (update) | VentureBeat

>> Eugene: Total investment-$40M. Sale-$500K(1.2%). Patent assets-$3.5M (9%) - 1 patent + some apps out of 15. <<

VBeat: While community news sharing site Digg may have sold for the low price of $500,000, its other assets may have fetched a bit more.

LinkedIn only purchased one significant patent as well as a handful of patent applications at a cost of $3 million to $3.5 million. Discussions between the companies began earlier this year, and its unclear who approached who first. I'm guessing that it was Digg who approach LinkedIn after it became apparent that it wasn't able to sell the entire company to one person.

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