Today, Microsoft announced that it will be acquiring LinkedIn for $US26.2 billion ($35.4 billion). The deal will keep LinkedIn’s existing CEO in place and the company will continue to operate independently.
The deal is expected to close by the end of 2016. In the video above, Microsoft CEO Satya Nadella and LinkedIn CEO Jeff Weiner explain. There’s no indication yet as to how Microsoft intends to change LinkedIn under the new deal, if at all. Nadella said in the press release that he hopes the acquisition will “accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organisation on the planet”. This may mean that LinkedIn will cooperate or even integrate with Microsoft’s various business-facing divisions, or it could just mean that Microsoft wants to dip a toe in all areas of the professional world. For now, we’ll just have to wait and see.
Microsoft to acquire LinkedIn [Microsoft News]
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