Microsoft Acquiring LinkedIn
I am very excited to see the news “Microsoft Acquiring LinkedIn” on Monday morning. I have been working on Microsoft products from last 10 years and I love LinkedIn. “Satya Nadella” (the man of inspiration who made Indians proud especially “Telugu” people) announced the news on one of the video from Microsoft website.
“Satya Nadella” has made a first biggest deal as the Microsoft CEO. I believe this is the fantastic step by Microsoft and this is a big deal as Microsoft will be acquiring the world’s largest and the biggest professional social network LinkedIn for $26.2 billion, $196 per share.
Satya Nadella said
“The LinkedIn team has grown a fantastic business cantered on connecting the world’s professionals, I have always had a great admiration for LinkedIn, I have been talking with Reid and Jeff for a while … I have been thinking about this for a long time.”
By this deal Microsoft targeted Organization Growth by integrating Microsoft Office Business suite users with LinkedIn and Targeted advertising.
Jeff Weiner will continue as a CEO for LinkedIn and reports to Satya Nadella. LinkedIn shares surged 47 percent after the announcement on Monday to near $193, Microsoft’s stock was down 3.2 percent.
The deal has been approved by boards from both the companies and it is expected to be closed by end of 2016.