Breaking: Microsoft Acquires LinkedIn For $26.2 Billion

Microsoft Corp said in a blog post it agreed to buy LinkedIn Corp for $26.2 billion in cash.

The offer of $196 per share represents a premium of 49.5 percent to LinkedIn‘s Friday closing price.

microsoft

The offer of $196 per share represents a premium of 49.5 percent to LinkedIn’s Friday closing price.

ALSO READJuventus Set To Unveil As Roma Midfielder Miralem Pjanic

“Today is a re-founding moment for LinkedIn,” Reid Hoffman, chairman of LinkedIn’s board, said in a statement.

Jeff Weiner, will remain chief executive of LinkedIn, reporting to Microsoft CEO Satya Nadella.

The deal is expected to close in 2016.

More details about the Microsoft’s new acquisition will be brought to you later in the day.

 

 

 

 

Previous ArticleNext Article
Daniel Enisan is a content writer at edliner.com. With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

Leave a Reply

Your email address will not be published. Required fields are marked *