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Microsoft will buy LinkedIn for $196 per share, or about $26.2 billion. The respective companies' boards are alleged to have unanimously approved the sale. LinkedIn CEO Jeff Weiner will keep his title and report to Microsoft CEO Satya Nadella. It is claimed that LinkedIn will continue to operate as an independent brand.
Reuters, CNBC, USA Today, WSJ, NYT.
It's quick and easy to delete your Linked-In account in ten steps.
Microsoft said Monday it was buying the professional social network LinkedIn for $26.2 billion in cash, a move that helps refocus the US tech giant around cloud computing and services.
With its biggest-ever acquisition and one of the largest in the tech sector, Microsoft takes a big step into the world of social networking and adds a new tool for its efforts to boost services for business.
"This deal brings together the world's leading professional cloud with the world's leading professional network," Microsoft chief executive Satya Nadella said in a statement. "It's clear to me that the LinkedIn team has grown a fantastic business and an impressive network of more than 433 million professionals."
Prediction: Inaugural message to LinkedIn members will be, "Have you upgraded to Windows 10 yet?"
(Score: 2) by Gaaark on Monday June 13 2016, @08:48PM
I'd look to the Nokia deal, and probably see about jumping.
.
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Seriously.
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---