Microsoft to Acquire LinkedIn

This morning Microsoft CEO Satya Nadella and LinkedIn CEO Jeff Weiner sat down together to announce that Microsoft is planning to acquire LinkedIn for $26.2 billion — in cash. The deal has been approved by both boards — unanimously even — but still must pass regulatory approval, and is Nadella’s first big acquisition since becoming CEO two years ago. It gives the company a dramatically increased reach in the enterprise services sector, a leap forward in social networking, and a deep pool of data on LinkedIn’s users.
LinkedIn will retain operational and branding independence and Weiner will remain on board as its CEO.
You can find more details about the transaction in these conference call notes. The call, which will include Microsoft and LinkedIn employees and investors is set for 8:45 AM PST

Nadella said that the big draw of LinkedIn is how Microsoft might combine productivity and communication tools with its established professional network, a kind of holistic professional development and learning platform for your whole working life. So although LinkedIn will continue to operate independently and offer the same services it always has, for Microsoft customers and for paying LinkedIn users it’s about to start offering a lot more, including deep integration with Microsoft tools.



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