Big Deal: Microsoft buys LinkedIn for $26.2 billion

Microsoft buys LinkedIn Deal is all about data sharing

Big Deal: Microsoft buys LinkedIn for $26.2 billion in IT Industry. This is guessed that it was all for data sharing by Microsoft. Microsoft is shopping for social-networking web site LinkedIn in associate all-cash dealings for $26.2 billion, company officers proclaimed Gregorian calendar month thirteen.

Founded in 2002, Mountain read, Calif.-based LinkedIn had just about four hundred million users in 2015. the corporate provides a social network different for locating skilled and work connections, sharing resumes, and doubtless finding new posts.

According to the handout, Jeff Weiner can stay CEO of LinkedIn, news to Satya Nadella, CEO of Microsoft. Thomas Reid Hoffman, chairman of the board, co-founder and dominant shareowner of LinkedIn, and Weiner each totally support this dealing. The dealings are anticipated to shut this year, subject to the approval of LinkedIn shareholders.

Many area unitasure} asking me why Microsoft bought LinkedIn (and why the corporate paid most for the company). I admit, I, too am scratching my head.

Microsoft’s handout mentions LinkedIn’s restructure of its mobile app and therefore the improvement of its newsfeed “to deliver business insights.” (Check off buzzwords “mobile” and “insights.) It additionally mentions Lynda.com as a key plus, further as LinkedIn’s Recruiter product, that targets enterprise customers. Microsoft bought enterprise social-networking marketer Yammer for $1.2 billion in a pair of012, and since then has finished up cribbing a variety of Yammer technologies in its own workplace 365 services. Yammer is one in all variety of overlapping technologies from Microsoft that’s a part of its social-networking portfolio.

From Nadella’s mail

“How individuals realize jobs, build skills, sell, market {and get|and obtain|and acquire|and realize} work done and ultimately find success needs a connected skilled world. It needs a vivacious network that brings along a professional’s data in LinkedIn’s public network with the data in workplace 365 and Dynamics. this mixture can build it doable for brand spanking new experiences like a LinkedIn newsfeed that serves up articles supported the project you’re acting on associated workplace suggesting a knowledgeable to attach with via LinkedIn to assist with a task you are making an attempt to finish. As these experiences get a lot of intelligent and pleasant, the LinkedIn and workplace 365 engagement can grow. And successively, new opportunities are going to be created for proof through individual and organization subscriptions and targeted advertising.”