Microsoft Buys LinkedIn For 26.2 Billion USD

Business

Microsoft and LinkedIn announced today that the tech giant has bought LinkedIn, a social networking site for professionals, for a whooping 26.2 billion USD valued at 196 USD per share. This is one of the biggest tech deals of recent times and of all time. Right now no structural changes are being made at the LinkedIn hierarchy as Jeff Weiner will remain the CEO. According to the announcement, LinkedIn will continue to work independently with its brand name.

LinkedIn Logo

Microsoft CEO Satya Nadella said, “The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals. Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet.” LinkedIn CEO Jeff Weiner commented that this acquisition will write a new chapter for LinkedIn. Linked has over 433 million users.

Please follow and like us:

You May Also Like

E-Commerce Giant Alibaba To Enter India This Year Chinese e-commerce giant Alibaba Group is planning to enter Indian in 2016 and invest heavily in the e-commerce segment. The 17 year old Hangzhou base...
Isis Pharmaceuticals Contemplating Name Change Post France Attacks Juliet said "What's in a name? A rose by any other name would smell as sweet." in the William Shakespeare classic Romeo and Juliet. The reality, h...
Barclays To Sell Its Africa Business, Will Pursue ‘Transatlantic’ Model Barclays bank has decided roll-off their Africa business by selling off 62% share in the Barclays Africa Group over the next 2 to 3 years. The move wa...
Soumyajit DasMazumdar on FacebookSoumyajit DasMazumdar on LinkedinSoumyajit DasMazumdar on Twitter
Soumyajit DasMazumdar
Soumyajit is an SAP technical consultant with a flair for writing. An avid blog reader, he started off with a free WordPress blog and slowly moved to his own personal news and blog site. Apart from writing he loves reading books, playing table tennis and long bike trips. He is currently trying to learn playing guitar and failing miserably.

Leave a Reply