satysin Posted June 13, 2016 Share Posted June 13, 2016 Quote 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. Source: http://blogs.microsoft.com/firehose/2016/06/13/microsoft-to-acquire-linkedin/#sm.001trr8qq17rjdt2xt1122l06mc16 Link to comment Share on other sites More sharing options...
+Biscuits Brown MVC Posted June 13, 2016 MVC Share Posted June 13, 2016 Didn't see this coming. This seems interesting. Link to comment Share on other sites More sharing options...
knighthawk Posted June 13, 2016 Share Posted June 13, 2016 (edited) Sounds like quite the premium to pay (~26B in straight up cash), that said it least it's something that does generate profits, and certainly there are savings to be had on the infrastructure side. Link to comment Share on other sites More sharing options...
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