Professional networking service LinkedIn agrees first acquisition of peer.

Professional networking online service LinkedIn has made its first acquisition by buying MSpoke, a US-based peer.

No financial terms were disclosed but LinkedIn’s venture backers include strategic investors McGraw-Hill and SAP ventures and venture capital operations from financial investors Bain Capital, Goldman Sachs and Bessemer Venture Partners.

James Mawson

James Mawson is founder and chief executive of Global Venturing.