Microsoft Corp. and LinkedIn Corporation on Monday announced they
have entered into a definitive agreement under which Microsoft
will acquire LinkedIn for $196 per share in an all-cash
transaction valued at $26.2 billion, inclusive of LinkedIn’s net
cash. LinkedIn will retain its distinct brand, culture and
independence. 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. The transaction is
expected to close this calendar year.
That’s a lot of money but it seems like an obvious fit. Also, Nadella was probably tired of getting all those LinkedIn emails.