TRENDING

Microsoft Ready To Acquire LinkedIn For $26.2billion

linkedin-android-walks

Huge news today in the world of M&A in enterprise and social networking services: Microsoft has announced that it is acquiring LinkedIn, the social network for professionals with some 433 million users, for $26.2 billion, or $196 per share, in cash.

The transaction has already been approved by both boards, but it must still get regulatory and other approvals.

ALSO READ: Still Using A Desktop Computer? Here Are 6 Reasons To Change It

If for some reason the deal does not go through, LinkedIn will have to pay Microsoft a $725 million termination fee, according to Microsoft’s SEC filing detailing the merger.

linked in

The $196 per share offer is a big hike on its closing price from Friday, $131.08. (And in pre-market trading, unsurprisingly, LinkedIn’s stock has nearly crept up 64 percent to reach the share price Microsoft is paying. Microsoft’s price is down 4 percent to $49.66 in pre-market trading.)

Microsoft_logo-4

LinkedIn is keeping its branding and product, and it will become a part of Microsoft’s productivity and business processes segment. LinkedIn’s CEO Jeff Weiner will report to Satya Nadella.

Source: Nigerianmag.com

Subscribe For Latest Updates

Signup for our newsletter and get notified when we publish new articles for free!