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Microsoft acquires LinkedIn for $26.2 billion

by Todd Haselton | June 13, 2016June 13, 2016 6:00 am PDT

msftnews

Microsoft said Monday morning that it will acquire the social network LinkedIn for $26.2 billion, or $196 per share. That’s a nice premium over the company’s share price, which is currently floating around $131 before the opening bell.┬áThe deal is an all-cash transaction.

“LinkedIn will retain its distinct brand, culture and independence,” Microsoft said in a post announcing the news. “Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction.”

Microsoft said it expects the deal to close by the end of this year.

Microsoft

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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