Microsoft to acquire LinkedIn for $26b
Jun13
Microsoft is set to acquire LinkedIn, the social network for professionals, for $26.2 billion in an all-cash transaction. The company said that LinkedIn will continue to operate as usual. Jeff Weiner will remain CEO of LinkedIn, reporting to Microsoft CEO Satya Nadella. The transaction is expected to close by the end of 2016. Microsoft has acquired a number of businesses since Satya Nadella took up the role of CEO at the company, but this is the first major deal he’s signed in this position. It’s a smart move for the company, as it strives to solidify its place in the…
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