And although there’s no real evidence that the deal was itself put together on a golf course, it’s certainly not unlikely. Joking aside, the deal has come at a great time for Klein, demonstrating that he’s still got what it takes, and importantly that his contacts in Saudi Arabia haven’t suffered too badly from whatever blame exercise took place over the $1.5bn investment that went into Credit Suisse and came back greatly diminished.

And it’s hard to say it hasn’t worked out for him – he’s already bounced back as one of the key advisors on the deal to merge the PGA Tour with LIV Golf. LinkedIn has its headquarters in the Silicon Valley city of Mountain View, California, and is available in more than 200 countries and territories in a variety of languages.You’ve missed out on the biggest deal of your life, and through no fault of your own you’re out of the job you wanted – what else would a senior advisory banker do, but hit the golf course? That seems to be what Michael Klein did after the failure of Credit Suisse led to the collapse of the $210m deal that would have bought out his boutique firm and put him in charge of the now sadly never-to-be First Boston investment banking franchise. Pulse was founded in early 2010 by then Stanford University graduate students Akshay Kothari and Ankit Gupta after a “to revolutionize the mobile news reading experience,' according to a message at the startup’s website.

LinkedIn did not disclose financial terms of the deal, which online reports valued at between $50 million and $100 million. “We believe we can help all professionals make smarter and more informed business decisions leveraging all the great business knowledge flowing through LinkedIn in the form of news, Influencer posts, industry updates, discussions, comments and more.' “Millions of professionals are already starting their day on LinkedIn to glean the professional insights and knowledge they need to make them great at their jobs,' Nishar said. He said this can help LinkedIn become a “definitive professional publishing platform.' LinkedIn senior vice-president Deep Nishar said in a blog post that the deal involves acquisition of a firm “shaking up the app world with a fresh, new way to consume news on mobile.' The move by LinkedIn, which said in January that it had more than 200 million members, suggests it is broadening its focus to more than just career connections, by adding the mobile news reader platform.

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