Name: Microsoft Just Acquired LinkedIn
Uploaded: 2016-06-13
Duration: 41 s
Description: For $26 billion

Microsoft Just Acquired LinkedIn

Microsoft has announced its plan to purchase professional networking site LinkedIn for $26.2 billion in cash. Shares for LinkedIn jumped 48% at the news. In one of the biggest tech deals ever, CEO Jeff Weiner will remain head of LinkedIn and will report to Microsoft CEO Satya Nadella. In a statement, Nadella said. Together we can accelerate the growth of LinkedIn as well as Microsoft Office 3 65 and Dynamics as we seek to empower every person and organization on the planet. Weiner spoke with employees telling them little is expected to change in the day to day operation.