U.S. chipmaker Intel (INTC.O) announced "multi-million" investments in two Russian online firms on Thursday, in a fresh sign of investor confidence in growth prospects of internet businesses. Intel Capital, charged with backing business models that complement its Santa Clara, California parent's long-term strategy, said it provided financing for social networking company AlterGeo and online shoe retailer Sapato.ru. The company, which invested a total of $327 million in 119 deals last year, did not disclose financial detail of the latest transactions. Investor appetite for internet assets was highlighted last month by the listings of Yandex YNDX.MM, Russia's most popular search engine, and U.S. social networking firm LinkedIn (LNKD.N).
Intel Corporation is a semiconductor chip maker company. Shares of INTC remained unchanged at $21.82. In the past year, the shares have traded as low as $17.60 and as high as $23.96. On average, 67704800 shares of INTC exchange hands on a given day and today's volume is recorded at 0.
LinkedIn Corporation (LinkedIn) is a professional network on the Internet with more than 90 million members in over 200 countries and territories. Shares of LNKD remained unchanged at $75.91. In the past year, the shares have traded as low as $80.00 and as high as $122.70. On average, 4722200 shares of LNKD exchange hands on a given day and today's volume is recorded at 0.
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