Microsoft now owns LinkedIn, and information we brought to you about six months ago may actually have seen its conclusion. Microsoft now has something that will help it reach more of its target audience considering that LinkedIn is a social network for professionals while Microsoft produces software for professionals.
Just as stated, we first heard of this deal back in June, at a time when the tech companies may have had their hands tied as they were being held back by European Commission regulations. According to Jeff Weiner, CEO of LinkedIn, “this is a major milestone for the company, one that we believe will accelerate how we connect the world’s professionals to make them more productive and successful.” The approval of the European Commission comes in addition to approvals from many regulators in different parts of the world.
The acquisition of LinkedIn comes as the biggest in the history of Microsoft as it acquired Skype for just $8.5 billion back in 2011. On what we can expect after this deal, Microsoft CEO, Satya Nadella, stated that the tech company will pursue “a specific set of integration scenarios.”