Microsoft announces all-cash $26.2 billion acquisition of LinkedIn
For all its recent mobile failings, Microsoft remains one of the world’s largest, most profitable businesses, and the only way to continue growing is through service diversification, mergers and acquisitions.
As such, it should probably come as no shocker that Redmond just entered into a “definitive agreement” likely to see it snap up social networking giant LinkedIn by the end of the year. This follows closely after another relatively high-profile purchase, of keyboard productivity app Swiftkey, though there’s really no comparing the two.
While Microsoft reportedly coughed up a “measly” $250 million on the popular third-party Android and iOS keyboard tool, the world’s “most valuable professional network” shall cost a colossal $26.2 billion, at a valuation of $196 per share.
Satya Nadella isn’t forthcoming about his specific intentions for the business-oriented Facebook rival that serves over 433 million people, including 105M unique visiting members each month. But the head honcho that LinkedIn CEO Jeff Weiner will soon report to says “together we 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.”
And yes, in case you’re wondering, the all-cash $26.2 billion transaction is set to eclipse even Facebook’s $19.3B acquisition of WhatsApp back in 2014.
Source: Microsoft News