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Fly News Breaks for April 9, 2015
LNKD
Apr 9, 2015 | 11:40 EDT
JPMorgan said it views LinkedIn's deal positively despite the fact that the price of about 10 times last year's revenue "feels expensive," since it is confident LinkedIn can leverage its relationships, user base and sales force to bring the forward multiple down in coming years. The firm thinks Lynda.com's vision, user base and business model align well with LinkedIn and its sees the deal significantly expanding the company's total addressable market. JPMorgan has an Overweight rating on LinkedIn shares.
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