This was announced Monday. Microsoft will pay $ 196 per share, while LinkedIn had a share Friday dollars 131 worth on the stock exchange in New York.
According to Microsoft, both companies have the mission to “connect the professional world.” LinkedIn remains independent within Microsoft, but the two companies will present their products or connect with each other.
The current Director of LinkedIn Jeff Weiner, remain at the head of the company. He will report to Microsoft CEO Satya Nadella.
LinkedIn currently has 433 million registered users, of which 105 million monthly visits to the site. The site turned a turnover of $ 3 billion in all of 2015, 35 percent more than a year earlier. The company saw its net loss, however, rise to 165 million dollars. LinkedIn employs approximately 10,000 people.
Titans
In an email to his staff Monday that writes Weiner LinkedIn can achieve more as part of Microsoft.
“Imagine a world in which we no longer look up to tech titans like Apple, Google, Microsoft, Amazon and Facebook, and wonder what it would be like to work on such an exceptional scale – because we are one of them. “
According to Weiner, there are many possibilities to combine LinkedIn and Microsoft services. For example, he believes that data can be processed from the social network in Outlook, Office, Windows and Skype.
There is also Microsoft CEO Satya Nadella interest, he wrote to Microsoft employees: “This combination enables new experiences as possible, such as LinkedIn news feed showing articles based on the project you’re working on or an Office app that recommends an expert to contact them on LinkedIn for the task you want to finish. “
the executives write that LinkedIn remains entirely within Microsoft independent company. In addition, Microsoft would look at the Facebook daughters Instagram and WhatsApp and Google subsidiary YouTube as an example of how this can work. Employees LinkedIn will change according to Weiner little.
Re-establishment
Reid Hoffman, co-founder of LinkedIn, speaks of a “refoundation” of the social network. “I see great opportunities for our members and customers, and look forward to supporting this new, combined company.”
The directors of both Microsoft and LinkedIn support the acquisition, but the transaction still needs LinkedIn approved by the shareholders and by various regulatory authorities. Microsoft expects that this will have happened by the end of the year
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