Microsoft Buying LinkedIn for $26.2 billion

Nadella calls it a marriage of 'leading professional cloud' and 'leading professional network.'
 
 

Microsoft on Monday announced that it is buying LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. Microsoft says LinkedIn "will retain its distinct brand, culture and independence." Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. The transaction is expected to close this calendar year. 

Here is Microsoft's announcment of the agreement, and here is Nadella's email to Microsoft employees, in which he describers the acquisition as bringing together "the world’s leading professional cloud with the world’s leading professional network."

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