Updated: June 13, 2016 8:34:09 pm
Microsoft has announced it will acquire LinkedIn for $26.2 billion. Microsoft has said Jeff Weiner will remain CEO of LinkedIn, and will report to CEO Satya Nadella. The deal is expected to close this calendar year.
The Redmond based giant says LinkedIn will retain its distinct brand, culture and independence.
Microsoft in a blog post said, “The transaction has been unanimously approved by the Boards of Directors of both LinkedIn and Microsoft. The deal is expected to close this calendar year and is subject to approval by LinkedIn’s shareholders, the satisfaction of certain regulatory approvals and other customary closing conditions.”
This is one of the biggest technology company deals. Here is how Twitter is reacting:
— Venkatesh Rao (@vgr) June 13, 2016
— Digital Trends (@DigitalTrends) June 13, 2016
“Hmm LinkedIn is worth $26.2 billion? Maybe I should log back in and see what’s goin’ on.” pic.twitter.com/6cm7MiQKpT
— Alex Konrad (@alexrkonrad) June 13, 2016
First announcement better be for LinkedIn: The Video Game. https://t.co/bn5yf7aBRF
— Scott Weinberg (@scottEweinberg) June 13, 2016
— Ginny Caughey (@gcaughey) June 13, 2016
OK one more: Microsoft is smart to buy a social graph. And I trust them with LinkedIn more than I trust LinkedIn
— Casey Newton (@CaseyNewton) June 13, 2016
<insert opinion about Microsoft’s mega acquisition of LinkedIn>
— Robin Wauters (@robinwauters) June 13, 2016
— nilay patel (@reckless) June 13, 2016
— Reid Hoffman (@reidhoffman) June 13, 2016
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