Microsoft to buy LinkedIn, in $26.2 billion deal

4.6

Some had hoped that Microsoft's next big acquisition would be Slack - but today, the company announced that it is buying professional networking platform LinkedIn.

The two companies have agreed terms for Microsoft to snap up LinkedIn for $196 a share, in an all-cash deal worth a total of $26.2 billion.

While LinkedIn will become a part of the Microsoft empire, the company says it will "retain its distinct brand, culture and independence". Current LinkedIn CEO Jeff Weiner will remain in charge, reporting to Satya Nadella.

The deal is expected to be completed before the end of 2016.

Posted: Jun 13, 2016 10:02 am
Related Forum: PC Gaming Forum

Source: http://www.neowin.net/news/microsoft-to-buy-linkedin-in-262-billion-deal

Comments

SegaPosted: Fri. Jul 01, 2016

Scooge Jesus, that's a lot of money to splash, I don't even have a clue what LinkedIn is lol

It's huge to many working professionals, still the next big thing. Used to link with people you have worked with, possibly to find a new job in the future.

Flat_Earth_SocietyPosted: Sun. Jun 19, 2016

Jesus, that's a lot of money to splash, I don't even have a clue what LinkedIn is lol

315Posted: Sat. Jun 18, 2016

M8A7 Bill Gates is God, they won't have a problem getting that money back. :D

Too bad bill gates no longer runs Microsoft. He's just a board member now. Satya Nadella be running shit now. But Microsoft is making big strides towards big things.

M8A7Posted: Thu. Jun 16, 2016

Bill Gates is God, they won't have a problem getting that money back. :D

AxerPosted: Wed. Jun 15, 2016

Linkedin wasnt that good of an investment TBH

VepPosted: Tue. Jun 14, 2016

Never heard of this suprised to see the price tag on this one

tjh96213Posted: Tue. Jun 14, 2016

Thats ALOT of money. GEEZ.

XboxPosted: Tue. Jun 14, 2016

Microsoft buying everything up.

SupervisorPosted: Mon. Jun 13, 2016

Wow I never ever heard of this