Microsoft Acquiring LinkedIn For $26.2 Billion
by Scott Beale from Laughing Squid on (#1H1SW)
Microsoft is acquiring LinkedIn in an all-cash deal valued at $26.2 billion. Here's LinkedIn's announcement.
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.
