LinkedIn buys Sunnyvale tech office for more than $70 million in cash

SUNNYVALE — LinkedIn has paid more than $70 million to buy a big office building in Sunnyvale, offering a sign of confidence in Silicon Valley despite uncertainties and job cuts in the tech industry.

The career-oriented social network paid $75.2 million for an office and research building at 1022 West Maude Avenue in Sunnyvale, according to documents filed on April 9 with the Santa Clara County Recorder’s Office.

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