Microsoft has done a deal to buy LinkedIn Corp for $26.2 billion in cash.
Microsoft intends to integrate LinkedIn with the already successful
Skype and Microsoft Office applications.
The buyer intends to keep the ship steady with Jeff Weiner remaining as CEO.
It marks a shift for Microsoft to move into the social media scene
and with more than 400 million users LinkedIn represents a major undertaking and commitment.
The purchase indicates that the company is moving into cloud services to rejuvenate the brand.
Microsoft paid $1.96 per share.
Despite the sale LinkedIn is not a project in decline it is one of the
stronger performing tech companies in the public markets.