June 13, 2016
Seattle-based Microsoft is acquiring LinkedIn for a reportedly $26.2-billion all cash offer, by far the largest in Microsoft’s history. A common thread to the transaction is both companies generate the majority of their revenues by focusing on business professionals.
Microsoft creates software, while LinkedIn is a social networking site with 400 million global members. The company believes it can successfully blend together its professional cloud with LinkedIn’s professional network.
LinkedIn is expected to help Microsoft accelerate the shift to the internet through a large online channel that’s become a huge tool for recruiters. Jeff Weiner will remain chief executive of LinkedIn, which will operate as an independent brand.