Despite the rich premium paid by Microsoft, LinkedIn is selling for well below its peak of more than $270 per share in 2015. LinkedIn’s shares were up 47% to $192.51 at 9.45pm on the New York Stock Exchange, and Microsoft’s shares were down 3% on the Nasdaq. “I have always had a great admiration for LinkedIn,” Nadella said in a video on Microsoft’s website. For LinkedIn, the opportunity to tap Microsoft’s customers, including the 1.2 billion users of its Office suite of business software, could help it jumpstart growth, which has slowed in recent quarters. Microsoft plans to speed up monetization of LinkedIn by growing individual and organization subscriptions as well as targeted advertising, it said.

Source: Mint June 13, 2016 12:53 UTC