Microsoft buys LinkedIn for $26.2 Billion
The Windows behemoth, Microsoft, on Monday, announced a big deal of 26.2 Billion to acquire professional social Platform LinkedIn for $196 per share. LinkedIn CEO Jeff Weiner will remain CEO of the social network for professionals, reporting directly to Microsoft CEO Satya Nadella.
Concerning the Biggest Deal Nadella said “We are in pursuit of a common mission centered on empowering people and organizations. Along with the new growth in our Office 365 commercial and Dynamics businesses, this deal is key to our bold ambition to reinvent productivity and business processes,”
In a statement to LinkedIn employees, Weiner said “little is expected to change” and employees will have the same titles and managers.He also told the employees that “In terms of everything else, it should be business as usual. We have the same mission and vision; we have the same culture and values, and I’m still the CEO of LinkedIn.”
The Deal is supposed to be completed by the end of this year. This deal is expected to be the biggest deal of Microsoft with any company as Microsoft has already acquired Nokia in 2013 for $7.2 Billion and Skype for $8.1 Billion.
This could be the greatest innovation by the Microsoft as the social media platform Nowadays is completely dominated by Facebook and acquiring LinkedIn may be considered as the wise move to connect Technology with Social Media.
“LinkedIn is the ultimate business social platform. You have everybody on this, from interns and college students on up to the biggest CEOs,” Feinseth said. “This is a good way for Microsoft to expand into social platforms.”