Microsoft buys LinkedIn for $26.2 billion


Microsoft buys LinkedIn for $26.2 billion

Microsoft is purchasing professional social network LinkedIn in a deal reported to be worth $26.2 billion.

In a blog post, Microsoft revealed that it will acquire LinkedIn for $196 per share in an all-cash transaction. Jeff Weiner will continue as LinkedIn CEO, but will report to CEO of Microsoft, Satya Nadella, while LinkedIn will “retain its distinct brand, culture and independence.”

“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.”

The deal is expected to close this calendar year.

Microsoft buys LinkedIn for $26.2 billion on
About this author
Staff Writer
Recent Articles by this author
29 September, 2016
Director Antoine Fuqua has been doing a great job in recent years with hits like...
29 September, 2016
Gears of War 4 is coming soon, and it's going to kick off with an extended prologue....
26 September, 2016
If you thought Snapchat was all about social messaging your information is so last...
16 September, 2016
If you’re budgeting your time for future game releases, you may want to leave...