Microsoft to Acquire LinkedIn for $26.2 Billion

Microsoft to Acquire LinkedIn for $26.2 Billion

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Microsoft has announced that it plans to acquire LinkedIn for $26.2 billion.

Microsoft Corp. 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.

Microsoft to Acquire LinkedIn for $26.2 Billion

“The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” Nadella said. “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.”

“Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn’s network, now gives us a chance to also change the way the world works,” Weiner said. “For the last 13 years, we’ve been uniquely positioned to connect professionals to make them more productive and successful, and I’m looking forward to leading our team through the next chapter of our story.”

Microsoft to Acquire LinkedIn for $26.2 Billion

The transaction has been unanimously approved by the Boards of Directors of both LinkedIn and Microsoft. The deal is expected to close this calendar year and is subject to approval by LinkedIn’s shareholders, the satisfaction of certain regulatory approvals and other customary closing conditions.

Microsoft and LinkedIn will host a joint conference call with investors on June 13, 2016, at 8:45 a.m. Pacific Time/11:45 a.m. Eastern Time to discuss this transaction. The call will be available via webcast at https://www.microsoft.com/en-us/Investor and will be hosted by Nadella and Weiner, as well as Microsoft Chief Financial Officer Amy Hood and Microsoft President and Chief Legal Officer Brad Smith.


Apnaa Ghar - April 19, 2017 at 7:05am
WhatsApp was a private company. This one is public. And earlier this year their share price was higher than Microsoft is paying.
Ammadz - June 13, 2016 at 2:02pm
Oh no!! Please don't. It's gonna be end of LinkedIn.
SayingWhatEveryonesThinking - June 13, 2016 at 1:55pm
Now Microsoft will ruin LinkedIn. Great.
alucard - June 13, 2016 at 2:02pm
*slow clap* Well said!
Fred - June 13, 2016 at 3:28pm
Better Microsoft than google buying it and screwing it up like everything else they do.
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