Microsoft had made other attempts to buy LinkedIn: Co-founder – CNBC
Microsoft’s acquisition of LinkedIn this year wasn’t the first approach made by the U.S. technology giant to buy the firm, one of the professional networking site’s founders told CNBC on Tuesday, who revealed he is “sad” about the deal.
Speaking to CNBC at the Slush technology conference in Helsinki, Finland, Konstantin Guericke said Microsoft had approached the company before he left in 2006. The Redmond-based firm said that if LinkedIn ever wanted to sell, the two parties should talk.
“Microsoft since the early days had a standing offer to our VCs (venture capitalists), saying look, if you want to sell the company talk to us, so it’s not a surprise that Microsoft ended up doing the deal,” Guericke told CNBC in a TV interview.
But the entrepreneur, along with other co-founders including current chairman Reid Hoffman, felt that the site still had a long way to grow at the time and didn’t see the need to sell out.