Traffic data provider Inrix may go public

 
 

The Wall Street Journal reports that Inrix is working with Goldman Sachs and J.P. Morgain to raise $100 million through an IPO. Inrix declined to comment on the report. If Inrix goes ahead with the IPO, it would be a rare instance of a local company going public. In recent years, companies have tended o raise money privately or put themselves up for sale rather than go public. Zillow is one of the few exceptions. Kirkland-based Inrix, which has such large customers as Ford Motor and Audi, collects traffic data through arrangements with government organizations that have video cameras along roads as well as input from truck fleets and a large army of consumers who use its apps. Consequently, the company's traffic data includes information not only on highway traffic but also traffic conditions on side streets. The company has raised about $68 million in venture capital. Check out our story on the company earlier this year here.

Microsoft Buying LinkedIn for $26.2 billion

Microsoft Buying LinkedIn for $26.2 billion

Nadella calls it a marriage of 'leading professional cloud' and 'leading professional network.'
 
 

Microsoft on Monday announced that it is buying LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. Microsoft says LinkedIn "will retain its distinct brand, culture and independence." Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. The transaction is expected to close this calendar year. 

Here is Microsoft's announcment of the agreement, and here is Nadella's email to Microsoft employees, in which he describers the acquisition as bringing together "the world’s leading professional cloud with the world’s leading professional network."