Microsoft to acquire LinkedIn in a $26.2 bn deal in an all cash deal which will close by the end of this year.
Microsoft just announced that it will acquire LinkedIn in an all cash deal which will close by the end of this year. This is the company’s boldest bet in a long time.
1. Deal size: $26.2 bn
2. Jeff Weiner to remain CEO of LinkedIn and report to Microsoft CEO Satya Nadella.
3. The transaction is expected to close this calendar year.
4. Price at $196 a share, or 50% more than LinkedIn’s closing price on Friday.
5. Satya Nadella’s biggest acquisition after taking over as CEO of Microsoft.
Here’s Satya Nadella and Jeff Weiner talking about the deal.