Microsoft to acquire Linkedin for $26.2 Billion

LinkedIn the social network for professionals has been acquired by Microsoft for $196 per share in an all-cash transaction valued at the whopping US $26.2 billion including all of LinkedIn’s current cash holdings. LinkedIn will retain its distinct brand, culture, and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. The complete takeover will happen by the end of this calendar year.

Microsoft and LinkedIn will host a joint conference call with investors on June 13, 2016, at 8:45 a.m. Pacific Time/11:45 a.m. Eastern Time/9:15 p.m. IST to discuss this transaction. The call will be available via webcast at https://www.microsoft.com/en-us/Investor