Microsoft made an announcement today that they will acquire LinkedIn for $26.2 billion in cash. Microsoft will pay $196 per share, and when the transaction completed, it will bring more than 433 million members of the social networking site under Microsoft.
Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn’s network, now gives us a chance to also change the way the world works. For the last 13 years, we’ve been uniquely positioned to connect professionals to make them more productive and successful, and I’m looking forward to leading our team through the next chapter of our story
Nadella said LinkedIn will retain its distinct brand, culture, and independence after all the transaction complete. With the acquisition, Microsoft has the opportunity to expand their Microsoft Office 365 and Dynamics together with LinkedIn future growth. Maybe in near future, for every premium account, LinkedIn will offer an online job interview via Skype?
The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals. Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet
Microsoft is known for its multi-billion acquisition of other companies. Back in 2011, they bought Skype for $8.5 billion and after that, in 2013, they bought Nokia for $7.2 billion. Usually, when things got acquired by Microsoft, things got bored because of their complex licensing trees. Let’s hope Nadella have a better plan for LinkedIn like the way they run XBox and Minecraft.