Monday, June 13, 2016

Microsoft to acquire LinkedIn | News Center

Likely to be a better ROI than Microsoft's last couple mega-acquisitions... Also see Here's what Microsoft CEO Satya Nadella told employees about the LinkedIn buy (BusinessInsider)
"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."
Microsoft to acquire LinkedIn | News Center
Post a Comment