Microsoft to Buy LinkedIn for $26.2 Billion

Microsoft to Buy LinkedIn for $26.2 Billion
LinkedIn CEO Jeff Weiner at LinkedIn headquarters in Mountain View, Calif., on Nov. 6, 2014. AP Photo/Marcio Jose Sanchez
Emel Akan
Emel Akan
Reporter
|Updated:

Microsoft (Nasdaq: MSFT) announced on Monday it would acquire LinkedIn Corp. (NYSE: LNKD) for $26.2 billion in an all-cash deal. Microsoft has agreed to pay $196 per LinkedIn share, a 50 percent premium to LinkedIn’s closing price on June 10. Shares of LinkedIn soared 47 percent to $193 after the announcement.

LinkedIn will retain its distinct brand, culture, and independence, according to a press release by Microsoft. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. The transaction is expected to close this year.

(Yahoo Finance)
Yahoo Finance
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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