Microsoft has taken a decisive step to provide users with not just professional tools but also connections that might help them climb the corporate ladder. The company is in the process of acquiring LinkedIn for $26.2 billion #moneymagic
Microsoft will bring LinkedIn under its umbrella with an all-cash transaction, for $196 per share or . According to mutual statements, LinkedIn’s CEO Jeff Weiner will retain his position and respond directly to Satya Nadella (Microsoft CEO). At the end of this year, the acquisition will be finalized, as the deal has been unanimously approved by the two boards of directors.
With this acquisition, Microsoft is combining two powerful forces – one that is helping professionals with daily tasks, projects and company management and another one that is creating successful partnerships. The software giant knows extremely well that the driving force of LinkedIn is comprised of more than 433 million accounts, many of whom pay for premium services and are active on a daily basis. Microsoft’ products and innovations need to speak to the thousands of influencers LinkedIn has attracted.
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