Microsoft and LinkedIn Corporation on Monday announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. LinkedIn will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. The transaction is expected to close this calendar year.
What the hell is up with Microsoft taking over so many companies and brands? You have skype, nokia, linkedin and others…
They better not interfere with linkedin.
It’s probably easier for them to acquire new products/services from other companies than it is to develop something in-house.
They want all that data that LinkedIn members display on the site.
They could sign up for a premium account and get that info for free. If anything, they want the data that isn’t displayed.
I’m worried that they might change things for the worse.
I also don’t like this mentality of absorbing other companies and get rid of them or make them useless after a while (Nokia, Rare).