Microsoft splashes $26bn to get LinkedIn

Microsoft splashes $26bn to get LinkedIn
By Euronews with AGENCIES
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Microscope has done a deal to buy LinkedIn Corp for $26.


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.

Microsoft to acquire LinkedIn.

— Microsoft (@Microsoft) June 13, 2016

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.

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