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Rating:T. Rowe Price Connects with LinkedIn Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, December 12, 2011

T. Rowe Price Connects with LinkedIn

News summary by MFWire's editors

T. Rowe Price [profile] really likes social media concerns, especially Twitter and now LinkedIn.

The Baltimore, Maryland-based fund firm has disclosed a 13.2 percent stake in LinkedIn common stock, the Wall Street Journal reports.

In a Nov. 30 regulatory filing, T. Rowe didn’t disclose when it made the bets on the networking site, nor what price its funds paid for roughly 5.2 million shares of LinkedIn.

T. Rowe previously invested $66.6 million in Twitter and some $394 million into other networking sites such as Facebook, Groupon, and Zynga.  

Edited by: Hung Tran


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