LinkedIn’s revenue beat fails to connect with investors

LinkedIn's shares were down 3.9 percent in after-hours trading, however, as investors focused on the company's widening losses and an underwhelming full-year revenue forecast. LinkedIn has been spending heavily to acquire businesses and build up its sales and development teams in an effort to leverage off its 380 million members.

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Online gambling firm GVC bids for bigger rival Bwin.Party

Sports betting and gaming company GVC Holdings Plc said it had submitted a bid for bigger rival Bwin.Party Digital Entertainment Plc, which put itself up for sale last year. Bwin’s shares were up 9.6 percent at 98.00 pence at 1422 GMT (10.22 a.m. ET) on Friday.

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Marketing costs weigh on Orbitz quarterly profit

(Reuters) – Orbitz Worldwide Inc reported a lower-than-expected quarterly profit, due partly to higher marketing costs related to a new loyalty program for users of its travel booking websites. Orbitz’s shares were down nearly 2 percent in premarket trading after the company also forecast full-year revenue below analysts’ expectations. The operator of the Orbitz and CheapTickets websites said it expected full-year revenue to rise by 9 percent to 10 percent.

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