Bain Capital Ventures is selling its entire holding in business networking site LinkedIn for about $284 million, AltAssets reports. The early-stage growth division of international buy-out major Bain Capital has informed the U.S. Securities and Exchange Commission about the sale in a filing.
Bain Capital Ventures, which put money into LinkedIn in 2008, held 3.71 million shares of the company. The business-related social networking site raised $300 million through an initial public offering on the New York Stock Exchange in May this year.
Click here for the story from AltAssets.