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Nairaland Forum / Science/Technology / Phones / Microsoft ™ To Acquire Linkedin Corp At $26.2b (362 Views)
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Microsoft ™ To Acquire Linkedin Corp At $26.2b by matrixx9(m): 10:59am On Jun 14, 2016 |
Nobody saw this coming, but Microsoft has officially announced that it has reached a deal to buy LinkedIn Corp., the social-networking platform for professionals, for $26.2 billion . The announcement also states that Microsoft will pay $196 per LinkedIn share, a 50% premium to LinkedIn’s closing price on Friday. [img]http://2.bp..com/-GMpSEmNtGN0/V1-8CE7TLSI/AAAAAAAAE0o/UVWN8zGT8IcW3dIycGJfaKExDMQH73sWACLcB/s1600/MS-Linkedin-2016-06-12-1-c-1024x683.jpg[/img] However, despite this agreement, Microsoft has affirmed that LinkedIn will still retain its distinct brand, culture, and independence. As a matter of fact, LinkedIn CEO Jeff Weiner will still remain CEO, but will report directly to Microsoft CEO Satya Nadella. Wondering what Microsoft stands to gain? The acquisition is expected to add to Microsoft’s per-share earnings in 2019, but most importantly, Microsoft wants to integrate existing Microsoft software into LinkedIn. According to Nadella The deal is expected to close within the year. [img]http://3.bp..com/-v9skGe05rcw/V1-8TCBoufI/AAAAAAAAE0w/ievt5a_5gVcBqoSjbVLF8FieFAwWc-2cACLcB/s320/mumbai-london-media-FINAL-1-1463x1200.png[/img] I have a bad feeling that this might be bad for Microsoft. Source : http://www.naijatechguy.com/2016/06/microsoft-to-acquire-linkedin-corp-at.html Via www.nairaland.com |
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