Menu

Microsoft to buy LinkedIn for US$26.2 billion

  • Published by Ozgur Tore

microsoft logo14Microsoft is buying the professional networking website LinkedIn for just over $26 billion in cash.

The software giant will pay $196 a share - a premium of almost 50% to Friday's closing share price.

In a joint statement, the companies said LinkedIn would retain its “distinct brand, culture and independence” after the acquisition and that LinkedIn Chief Executive Jeff Weiner would remain at the helm and report to Microsoft Chief Executive Satya Nadella.

Reid Hoffman, LinkedIn’s chairman and co-founder, called the deal a “re-founding moment” for the Mountain View, Calif. company.

“I see incredible opportunity for our members and customers and look forward to supporting this new and combined business,” he said in a statement.

The deal has been unanimously approved by both companies’ boards of directors and is subject to approval by LinkedIn’s shareholders and other regulatory approvals.

Advertisement

Destinations

Spend a Romantic Weekend in Tallinn, Estonia

Spend a Romantic Weekend in Tallinn, Estonia

Beginning of December 2016, me and my wife visited Tallinn, the capital of Estonia, and if you are searching for a romantic weekend, then you should consider Tallinn. The Estonian capital offers tra...

Best of Greek Islands with Celestyal Cruises

Best of Greek Islands with Celestyal Cruises

In Summer 2016, I had chance to sail to Greek Islands with the Celestyal Cruises. In an organization with Karavan Cruises, travelers enjoyed best of Greek islands with Celestyal and received a compl...

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

ftnNEWS would like to present you a unique vacation idea here in Turkey: Cappadocia Region. Located on the central Anatolia plateau within a volcanic landscape sculpted by erosion to form a successi...