13.06.2016

Big move: social media Linkedin to Microsoft for 26.2 billion $

Microsoft, with a flash deal, bought Linkedin cost of $ 26.2 billion, $ 192 per share, the largest professional network in the world.
Microsoft's goal is to revive the social network, with over 400 million users, in recent months has disappointed investors and markets because of competition and a labor market recovery that also caters to more traditional channels. In fact, in recent months LinkedIn showed the first signs of weakness: in the last quarter of 2015 closed with a red amounting to $ 8.4 million compared to a profit of 2.9 million profit in the same period last year .

A joint statement of the two companies explains that Linkedin "will maintain its distinctive brand, culture and independence" and the CEO Jeff Weiner will remain in place, but will report directly to Satya Nadella, Microsoft's number one. Reid Hoffman, chairman and co-founder of Linkedin controlling shareholder, and the same Weiner "fully support the transaction", the closing of which is expected during the calendar year.






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