Microsoft Acquires LinkedIn for $26.2 Billion

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Microsoft announced that they are to acquire the work-focused social network, Linkedin for for $26.2 billion.

For now, the company has not mentioned on any changes that will happen to LinkedIn. “LinkedIn will retain its own brand and independence, and existing CEO Jeff Weiner will remain and report directly to Satya Nadella,” says Microsoft.

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Microsoft CEO Satya Nadella expressed that together, they 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.

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.

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