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Twitter’s parent company, X, has bought a recruitment startup in its first acquisition since Elon Musk’s takeover, reports say

by DTB
May 16, 2023
in Tech
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Twitter's parent company, X, has bought a recruitment startup in its first acquisition since Elon Musk's takeover, reports say
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  • Twitter is buying a job recruitment tool called Laskie in its first acquisition under Elon Musk. 
  • That’s according to reports from Bloomberg and Axios on Tuesday.
  • Musk has long sought to create a so-called “everything app,” which he has dubbed “X.”

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Twitter’s parent company X Corp just made its first deal under Elon Musk by acquiring a talent recruitment tool Laskie, according to numerous reports, including from Bloomberg and Axios.

According to Bloomberg, which cited an anonymous source with knowledge of the deal, it was completed in recent days and included cash and equity elements.

Although the exact price of the deal is unclear, it’s reportedly “tens of millions” of dollars, one source told Axios. 

The San-Francisco based startup, founded in 2021 by current CEO Chris Bakke, is a job matching platform that connects tech talent with employers, with its Linkedin page saying its tools are “designed to make your job search faster, more efficient, and less stressful.”

Laskie’s website has displayed a message since Monday saying its platform is “no longer available.” 

The company’s last funding round saw it raise $6 million, according to PitchBook, with the site listing Laskie as having between 11 and 50 employees.

Bakke previously sold a technology startup Interviewed, which speeds up hiring for employers, to online job listings website Indeed in 2017. 

The purchase of Laskie is Twitter’s first acquisition since Musk bought the platform for $44 billion in October 2022, and appears to be part of Musk’s plan to turn the site into his long-discussed “everything app.” The news comes less than a week after Musk appointed Linda Yaccarino — who spent a decade at NBCUniversal as chairman of advertising and client partnerships — as Twitter’s CEO. 

Twitter has not publicly confirmed the deal and responded to a request for comment from Insider’s with an automated message that didn’t address the inquiry.

Bakke did not immediately respond to requests for comment on Twitter and LinkedIn, which were sent outside normal US working hours.

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