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Microsoft has acquired LinkedIn for $26.2 billion

Microsoft has acquired LinkedIn for $26.2 billion
Microsoft has acquired LinkedIn for $26.2 billion
In a recent tech takeover Microsoft has acquired LinkedIn for $26.2 billion. The company plans to integrate the career-oriented social network into many of its apps and services, including Office, Skype and Cortana. You'd get the details of the person you're meeting for a business deal, for example, or get help from an expert when you're working on an Office 365 project. Microsoft is vowing to maintain LinkedIn's overall independence, including the role of CEO Jeff Weiner, and hopes to close the deal sometime in 2016.

According the press release on the Microsoft site “Microsoft Corp. (Nasdaq: MSFT) and LinkedIn Corporation (NYSE: LNKD) on Monday announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. LinkedIn will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. The transaction is expected to close this calendar year.”

On the take over Satya Nadella, CEO of Microsoft added “The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals.”

Linkedin has 433 million members, which is far lower than the Facebook and Twitter.

Time will tell how Microsoft uses Linkedin in future. Do share your views and opinion in the comment section below.

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