Microsoft is purchasing professional social-networking site LinkedIn for $26.2 billion, company officials announced today. Microsoft will pay $196 per share for the company acquisition.
LinkedIn, a Mountain View California-based company founded in 2002 has approximately 433 millions users as per the first quarter of 2016. The company provides a professional networking platform for finding professionals ans work connections, sharing resumes and finding new job posts.
LinkedIn CEO Jeff Weiner will remain the CEO of social-networking site, and will report directly to Microsoft CEO Satya Nadella. The move fits in with Microsoft’s growing push to focus more on business customers.
Read the full story!
LinkedIn, a Mountain View California-based company founded in 2002 has approximately 433 millions users as per the first quarter of 2016. The company provides a professional networking platform for finding professionals ans work connections, sharing resumes and finding new job posts.
LinkedIn CEO Jeff Weiner will remain the CEO of social-networking site, and will report directly to Microsoft CEO Satya Nadella. The move fits in with Microsoft’s growing push to focus more on business customers.
Read the full story!
