Microsoft Wants To Acquire LinkedIn For $26.2 Billion - Techpill - Tech Tips, News And More


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Monday 13 June 2016

Microsoft Wants To Acquire LinkedIn For $26.2 Billion

Microsoft will announce today on its plan to acquire LinkedIn for $26.2 billion. Microsoft acquisition of LinkedIn- A work-focused social networking site will value the LinkedIn shares at $196 each.

microsoft to but linkedIn for $26.2 billion

Though Microsoft says LinkedIn will retain it own brand and independence, and also the current CEO Jeff Weiner will be retained but will report directly to his new boss Microsoft CEO Satya Nadella.
"The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals," Nadella said. "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."

More than 433 million people use LinkedIn worldwide to network, find jobs, and reconnect with old colleagues. Many of those LinkedIn users also pay for premium services to use the site. But what Microsoft wants to do with this acquisition is yet unknown, and it easy to imagine that its being use as a key to boost it social networking presence.

The software giant will be holding a conference meeting call today at 11:45AM ET to discuss its LinkedIn acquisition and if there is additional details we will update you accordingly.

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