Microsoft announced that it will buy LinkedIn for $26 Billion, it will pay $18 Billion in cash to the the company.The software Giant will pay $196 per share to the company.The deal is biggest ever for Microsoft and one of the largest in tech industry.
With this move the Tech Giant aims to boost sales of its business and email software.
The 13 year old LinkedIn has 433 million users worldwide,the acquisition comes at a time when LinkedIn was striving to grow further beyond its reach.Microsoft already has announced that LinkedIn will retain its identity.The company hope to merge Microsoft's office 365 and other products with LinkedIn professional social Network.
"The relationship with Microsoft, and the combination of their cloud and LinkedIn's network ,now gives us a chance to change the way the world works" Weiner said in a statement.
"This combination will make it possible for new experiences such as a LinkedIn newsfeed that serves up articles based on the project you are working on and Office suggesting an expert to connect with via LinkedIn to help with a task you're trying to complete," Nadella said in an email to employees.
For Microsoft the deal is another step in its pursuit of relevance and a review of its software products to compete with other cloud powerhouses like Google and Amazon.
More article like this : Whatsapp bought by Facebook for $19 Billion
With this move the Tech Giant aims to boost sales of its business and email software.
The 13 year old LinkedIn has 433 million users worldwide,the acquisition comes at a time when LinkedIn was striving to grow further beyond its reach.Microsoft already has announced that LinkedIn will retain its identity.The company hope to merge Microsoft's office 365 and other products with LinkedIn professional social Network.
"The relationship with Microsoft, and the combination of their cloud and LinkedIn's network ,now gives us a chance to change the way the world works" Weiner said in a statement.
"This combination will make it possible for new experiences such as a LinkedIn newsfeed that serves up articles based on the project you are working on and Office suggesting an expert to connect with via LinkedIn to help with a task you're trying to complete," Nadella said in an email to employees.
For Microsoft the deal is another step in its pursuit of relevance and a review of its software products to compete with other cloud powerhouses like Google and Amazon.
More article like this : Whatsapp bought by Facebook for $19 Billion
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