The acquisition of Microsoft and Linkedin
Microsoft Corporation announced on June, 13th that they are going to acquire Linkedin. Miscrosoft is going to buy Linkedin for $196 per share in an all-cash transaction valued at $26.2 billion, which includes LinkedIn’s net cash.
Moreover, the acquisition also includes educational website Lynda.com which Linkedin acquired in April 2015.
You can ask why Microsoft would need to do this. There a lot of reasons though. The network has shown substantial growth since its founding in December 2002 and now it has 433 million members worldwide. Moreover,105 million people visit the site monthly.
The website has become really valuable for professionals all over the world. It helps to connect people, make business and search for employees.
That is what Microsofr CEO, Satya Nadella said about future acquisition:
“This deal brings together the world’s leading professional cloud with the world’s leading professional network. I have been learning about LinkedIn for some time while also reflecting on how networks can truly differentiate cloud services. It’s clear to me that the LinkedIn team has grown a fantastic business and an impressive network of more than 433 million 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.”
The acquisition is going to take place at the end of the current year.