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Microsoft Acquires Professional Social Networking Site Linkedin for $26.2

Posted By Gabriel Salcido, Arizona Small Business Association, Monday, June 13, 2016

Micosoft buys Linkedin 

Tech giant Microsoft reaches a deal to acquire the professional social networking site Linkedin for $26.2 billion in cash raising LinkedIn shares up 47%.

Sources say that the companies and respective board members had a unanimous approval of the deal and is excited to accelerate the group of the network.

The $26.2 billion deal would be Microsoft’s largest ever and marks the third biggest merger of 2016. With 430 million members LinkedIn’s ensemble of enterprise productivity tools like Lynda, and Slidesare, the add merger of Microsoft creates and opportunity to leverage Microsoft’s cloud infrastructure and engineering talent becoming a more creditable space in the social community.

Microsoft CEO Satya Nadella mentions in a video, "Connecting with the professional network and really having that entirety of what is your professional life be enhanced, more empowered, where you are acquiring new skills and being more successful in your current job and finding a greater bigger next job. That’s that vision.”

Tags:  linkedin  merger  mircosoft  social media 

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