Microsoft buys LinkedIn for $26.2 billion

[dualmeister]

You probably didn't expect your week to start this way: Microsoft has acquired LinkedIn for $26.2 billion. The company plans to integrate the career-oriented social network into many of its apps and services, including Office, Skype and Cortana. You'd know all the details of the person you're meeting for a business deal, for example. Microsoft is vowing to maintain LinkedIn's independence, including the role of CEO Jeff Weiner, and hopes to close the deal sometime in 2016.

Developing ...

[video=youtube;-89PWn0QaaY]https://www.youtube.com/watch?v=-89PWn0QaaY[/video]

Source

 

[LazyLion]

I hate LinkedIn. It's always notifying me of people I don't know wanting to add me.
Problem is there is no way to decline the invite, except to just delete the notification email - but the invite remains on your account until you go in and remove them.

 

[snoopdoggydog]

Microsoft to acquire LinkedIn

Microsoft and LinkedIn Corporation on Monday announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. LinkedIn will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. The transaction is expected to close this calendar year.

https://blogs.microsoft.com/blog/20...re-linkedin/#sm.00001oteznrv7tfq6z7zlm4l0d643

http://www.cnbc.com/2016/06/13/microsoft-to-buy-linkedin.html

 

[ignitions]

Why...? Any way I hope they can fix it up I have a lot relying on Microsofts success

 

[skimread]

Maybe those free month subscription messages that demand credit carddetails when you click on it will stop

 

[backstreetboy]

That is a lot of money for a social network...

 

[Dlamaqhinga]

MS are known for buying companies and killing them / writing down the investment, Someone need to check their past buys and list success and failures.

 

[Novel]

That is a lot of money for a social network...

Isn't Facebook like $50 Billion+?

 

[Kloofvreter]

Oh, LinkedIn, where everyone is a Senior this or a head of this or manager of that.

 

[LazyLion]

Isn't Facebook like $50 Billion+?

What is Skype worth today?

 

[backstreetboy]

Isn't Facebook like $50 Billion+?

Sure but FB does have much more users then the paltry 433 million of Linkedin. FB is that amount quadrupled.

 

[FrankieK]

Last week somebody bought 155 $150 Call Options expiring 17 June. Total cost was $310. Price now $195. I will post a screenshot of his profit in 15 minutes..

 

[skimread]

If you log in with your windows live account, you don't have to remember a stupid linkedin password

 

[lestoran]

Last week somebody bought 155 $150 Call Options expiring 17 June. Total cost was $310. Price now $195. I will post a screenshot of his profit in 15 minutes..

That will be a lot. Suspect they at least knew the the 2 where in negotiation and made a calculated bet.

 

[Garson007]

MS are known for buying companies and killing them / writing down the investment, Someone need to check their past buys and list success and failures.

This is an interesting one, in that it targets the core Microsoft market - Corporations.

 

[Dolby]

I use it for possible jobs

 

[FrankieK]

Value last week = $310.
Profit = 145 233%.
Value this morning = $450 532.

 

[konfab]

 

[Creag]

That is a lot of money for a social network...

LinkedIn also has paid-for services which they religiously and repetitively try to flog. So-called premium experience. I have yet to see the need for anything beyond that which is free. Perhaps for employment agencies?

 

[Ho3n3r]

Isn't Facebook like $50 Billion+?

$328 Billion on Feb 1, apparently.