Microsoft to acquire LinkedIn for $26.2 billion... This is huge!

June 13, 2016

Microsoft is buying LinkedIn for $26.2 billion, the company announced on Monday.

Microsoft will pay $196 per share for the company.

LinkedIn CEO Jeff Weiner will remain CEO of the professional social network, and will report directly to Microsoft CEO Satya Nadella.

Under the terms of the acquisition, LinkedIn will maintain its "distinct brand, culture, and independence," and Microsoft says LinkedIn cofounder and chairman of the board Reid Hoffman and Weiner "both fully support" the purchase.

The deal is expected to be completed this calendar year.

LinkedIn shares jumped 48% following the news in pre-market trading. Microsoft shares, which were halted in pre-market trading pending the news, have since re-opened and fallen as much as 5.2%.



LET’S START A NEW PROJECT TOGETHER!



July 20, 2017

The major security vulnerability affects up to 600 million phones worldwide and Samsung has not yet produced a fix for it - so users are at risk.

July 06, 2017

It's currently added live substance to that rundown.

July 05, 2017

Facebook is working on mind-reading technologies that would let you type words directly from your brain.

June 29, 2017

Facebook has declared that it now has more than 2 billion monthly dynamic clients

June 08, 2017

Next time you send something specific expected for your companion erroneously to another person on WhatsApp, simply chill. You may have soon a five-minute window to renounce such misled messages.

Load More Load More

Share the story with your friends!

Softimpact. All Rights Reserved © 2017

GET IN TOUCH

SITEMAP

© 2017, Softimpact. All Rights Reserved

COME FOR A CHAT
COFFEE ON US...

ADDRESS
Aamal Center, 6th floor,
Barbar Abou Jaoude Street
Jdeideh Highway, Lebanon

Contact

Contact Phone Tel + 961 1 890888
Fax + 961 1 890888

FOLLOW US ON