Microsoft to buy LinkedIn for $26.2 billion

By Shrey Pacheco | Published on 13 Jun 2016
Microsoft to buy LinkedIn for $26.2 billion
HIGHLIGHTS

The deal is expected to close by the end of the year and LinkedIn will retain in brand, culture and independence

New Vostro 14 5490 Laptop with 10th Generation Intel core process

It has a RAM of 8GB and 2GB GDDR5 graphics memory. Save Rs.17,000 on this deal

Click here to know more

Microsoft has announced that it plans to acquire LinkedIn for $26.2 billion. The deal will be an all cash transaction and Microsoft has valued LinkedIn at $196 per share. Microsoft notes that social networking site will “retain its distinct brand, culture and independence.” Jeff Weiner will remain as the CEO of LinkedIN and will report directly to the CEO of Microsoft, Satya Nadella. The deal is expected to close by the end of the year.  

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

Microsoft says that the deal has been “unanimously” approved by the Board of directors of both the companies. However, the deal is subject to approval by LinkedIn’s shareholders, certain regulatory approvals and other customary closing conditions.

The amount being paid by Microsoft to acquire LinkedIn is much higher than the amount the company paid to purchase Nokia a few years back. The company paid nearly $7.2 billion to acquire the Finnish smartphone manufacturer and the deal included all of Nokia’s Devices and Services business, Nokia’s patents, and the licensing and use of Nokia’s mapping services

logo
Shrey Pacheco

Writer, gamer, and hater of public transport.

Digit caters to the largest community of tech buyers, users and enthusiasts in India. The all new Digit in continues the legacy of Thinkdigit.com as one of the largest portals in India committed to technology users and buyers. Digit is also one of the most trusted names when it comes to technology reviews and buying advice and is home to the Digit Test Lab, India's most proficient center for testing and reviewing technology products.

We are about leadership-the 9.9 kind! Building a leading media company out of India.And,grooming new leaders for this promising industry.