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Microsoft acquires LinkedIn

Microsoft acquires LinkedIn, company's founders next to Microsoft CEO Satya Nadella
LinkedIn founders and Satya Nadella
The value of this transaction is $26.2 billion in cash, with LinkedIn allowed to retain its brand, culture and independence.

Yesterday, Microsoft and LinkedIn announced that the Redmond giant will acquire the world's largest professional network and also unveiled the financial terms of the deal - "$196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash."

According to the official press release, Microsoft will allow LinkedIn to "retain its distinct brand, culture and independence." The company's CEO Jeff Weiner will be reporting to Satya Nadella, and Microsoft will take advantage of LinkedIn's impressive amount of data, using it in products like Microsoft Office 365 and Dynamics. "Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn’s network, now gives us a chance to also change the way the world works," said Weiner.

Since the transaction is subject to regulatory approval and is expected to close by the end of 2016, we will probably hear more about Microsoft's and LinkedIn's plans in the coming months.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 06 > Microsoft acquires LinkedIn
Codrut Nistor, 2016-06-14 (Update: 2016-06-14)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.