Microsoft to buy LinkedIn, in $26.2 billion deal

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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.

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

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"Microsoft to buy LinkedIn, in $26.2 billion deal" :: Login/Create an Account :: 16 comments

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NickPosted:

Hopefully MS doesn't ruin this like they did to others things.

SegaPosted:

Hopefully Microsoft don't ruin it, always the risk when they get bought out like when ITV bought friends reunited.

Toasty-Posted:

26 billion dollars is a lot. Never heard of LinkedIn.

MickersPosted:

Jesus christ this is big news. LinkedIn is rather good for businesses.

FunkyBuddhaPosted:

That is a lot of money. holy cow

QTPosted:

that is a lot of money... Like A LOT


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