Microsoft buys social-networking site LinkedIn for $26.2 billion : News, News - News Summed Up

Microsoft buys social-networking site LinkedIn for $26.2 billion : News, News


in terms of numbers the LinkedIn acquisition is bigger than the around 19 billion deal that saw Facebook acquiring WhatsApp. "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," said a Microsoft spokesperson. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft." For LinkedIn, Microsoft is paying $196 per share. Microsoft has just announced that it is buying LinkedIn, a social network aimed at working professionals, in an all-cash deal valued at $26.2 billion.


Source: India Today June 13, 2016 12:55 UTC



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