Microsoft to buy LinkedIn, in $26.2 billion deal
The two companies have agreed terms for Microsoft to snap up LinkedIn for $196 a share, in an all-cash deal worth a total of $26.2 billion.
While LinkedIn will become a part of the Microsoft empire, the company says it will "retain its distinct brand, culture and independence". Current LinkedIn CEO Jeff Weiner will remain in charge, reporting to Satya Nadella.
The deal is expected to be completed before the end of 2016.
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Related Forum: PC Gaming Forum
Source: http://www.neowin.net/news/microsoft-to-buy-linkedin-in-262-billion-deal
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Comments
SegaPosted:
Scooge Jesus, that's a lot of money to splash, I don't even have a clue what LinkedIn is lol
It's huge to many working professionals, still the next big thing. Used to link with people you have worked with, possibly to find a new job in the future.
Flat_Earth_SocietyPosted:
Jesus, that's a lot of money to splash, I don't even have a clue what LinkedIn is lol
315Posted:
M8A7 Bill Gates is God, they won't have a problem getting that money back. :D
Too bad bill gates no longer runs Microsoft. He's just a board member now. Satya Nadella be running shit now. But Microsoft is making big strides towards big things.
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