Microsoft to buy LinkedIn for $26.2 bn
The Dollar Business Bureau Software giant Microsoft announced on Monday that it is acquiring professional social network giant LinkedIn in a deal worth $26.2 billion. In its largest acquisition till date, the tech giant bets that LinkedIn's social platform can help to jump-start Microsoft's offerings of software packages by combining them with the huge social network of LinkedIn. The deal was an all-cash one between the two. Microsoft agreed to pay $196 per share, 50 percent more than the closing price of LinkedIn shares on Friday. With this deal, Microsoft can use LinkedIn’s database of professional information and distribution network for its software packages. LinkedIn too gains by getting additional funding to reach out to millions of people to join its network. Of late ...
