Technology

Microsoft To Buy LinkedIn For $26.2 Billion In Cash

Microsoft announced on Monday that it will buy social network LinkedIn for $26.2 billion in cash. LinkedIn stock surged 48 percent on the news.

So happy I deleted my LinkedIn account already.

From CNBC:

“The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” Nadella said in a statement. “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.”

In a statement to LinkedIn employees, Weiner said “little is expected to change” and employees will have the same titles and managers.
“The one exception: For those members of the team whose jobs are entirely focused on maintaining LinkedIn’s status as a publicly traded company, we’ll be helping you find your next play,” Weiner said. “In terms of everything else, it should be business as usual. We have the same mission and vision; we have the same culture and values; and I’m still the CEO of LinkedIn.”

Source: CNBC

Source: CNBC

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