Microsoft today made a very ambitious move, acquiring the social network specializing in the workplace, LinkedIn for no less than 26,200 million dollars, equivalent to paying $ 196 each share of the company. Despite its purchase, LinkedIn will remain an independent company which is why Jeff Weiner will continue to lead. With this purchase, Microsoft will expand its presence in the business of data analysis further adding to its 433 million users to their business structures such as Skype, Dynamics, with its office suite Office 365 and their cloud services.
Microsoft To Buy LinkedIn for 26,200 Million Dollars
“The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” Nadella said. “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.”
“Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn’s network, now gives us a chance to also change the way the world works,” Weiner said. “For the last 13 years, we’ve been uniquely positioned to connect professionals to make them more productive and successful, and I’m looking forward to leading our team through the next chapter of our story.”
In New York Stock Exchange the shares of LinkedIn underwent a growth of almost 50 percent, while shares of Microsoft fell by 3 percent.