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!



September 14, 2020

In iOS 14 and iPadOS 14, the smartphone giant enabled third-party (those not made by Apple) browsers and email clients to become the default app on users phones.

August 21, 2020

Microsoft has announced the termination path of Internet Explorer, its veteran web browser that dominated the late 1990s and early 2000s.

August 04, 2020

NASA astronauts Doug Hurley and Bob Behnken reported a successful splashdown in the Gulf of Mexico off the coast of Pensacola, Fla., completing their return mission to Earth from the International Space Station after about 2 months.

Load More Load More
Softimpact. All Rights Reserved © 2020

GET IN TOUCH

SITEMAP

© 2020, Softimpact. All Rights Reserved

COME FOR A CHAT
COFFEE ON US...

Aamal Center, 6th floor,
Barbar Abou Jaoude Street
Jdeideh Highway - Lebanon
Contact Phone Tel: +961 1 890 888
Fax: +961 1 890 999
2, Genevis Street,
GENEVA COURT, Flat 301
3116 Limassol - Cyprus
Contact Phone Tel: +357 25 338 379
Fax: +357 25 338 379

FOLLOW US ON