LinkedIn is the world’s largest professional network. Together we can 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.” Satya Nadella, CEO of Microsoft, said, “The LinkedIn team has grown a fantastic business centred on connecting the world’s professionals. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction which is expected to close this calendar year. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. LinkedIn will retain its distinct brand, culture and independence. This is inclusive of LinkedIn’s net cash. Both the companies 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. This is Microsoft's largest acquisition ever and LinkedIn will help the company boost its professional network. In a major takeover, IT giant Microsoft has decided to acquire professional networking site LinkedIn for $26.2 billion. Jeff Weiner will remain the CEO of LinkedIn, reporting to Satya Nadella, CEO of MicrosoftīestMediaInfo Bureau | Mumbai | June 14, 2016 Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. Microsoft to acquire LinkedIn for $26.2 billion
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