High hopes: VCs betting LinkedIn worth $1 billion

June 18, 2008 By MICHAEL LIEDTKE , AP Business Writer

(AP) -- Four venture capital firms are betting Internet startup LinkedIn Corp. is worth $1 billion, highlighting the lofty hopes riding on online services that connect people with their friends, family and business associates.

Content from The Associated Press expires 15 days after original publication date. For more information about The Associated Press, please visit www.ap.org .

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