Woke up this morning to get hit by this news as soon as I logged into my home network, and off I went, got my laptop, and I think you guys should hear this.
Microsoft has recently announced that it will be acquiring the 433 million big professionals’ social network for $26.2 billion. The two boards have already agreed and approved the transaction, but they are now waiting for approvals from regulatory offices before the transaction can be finalized.
Well, the interesting thing here is that Microsoft could be getting $725 million richer if the deal doesn’t go through, and that’s an added push to make LinkedIn work hard to make the deal complete. As part of the deal, LinkedIn will keep its branding and its products while it will be infused into Microsoft’s Productivity and Business Process Segment. This new arrangement means that LinkedIn’s CEO, Jeff Weiner will be reporting to Satya Nadella when the deal completes.
This will be the biggest acquisition of Satya Nadella since taking over the reins at Microsoft, and he must be really glad that this deal was able to come through, he said: “the LinkedIn team has grown a fantastic business that’s centered around connecting the world’s professionals; together, we can accelerate the growth of LinkedIn as well as that of the Microsoft Office 365 and that of the Dynamics as we try to empower every person and organization on the planet.”