{"id":222020,"date":"2016-06-13T14:31:41","date_gmt":"2016-06-13T14:31:41","guid":{"rendered":"http:\/\/citifmonline.com\/?p=222020"},"modified":"2016-06-13T14:31:41","modified_gmt":"2016-06-13T14:31:41","slug":"microsoft-to-buy-linkedin-for-26-billion","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/","title":{"rendered":"Microsoft to buy LinkedIn for $26 billion"},"content":{"rendered":"
\n
\n
\n

M<\/span>icrosoft is buying the professional social network LinkedIn for $26.2 billion (\u00a318.5bn) in one of the biggest technology deals in history.<\/p>\n

The news, announced on Monday afternoon, instantly sent LinkedIn’s share price soaring by 50 percent in pre-market trading.\u00a0The deal be the biggest in Microsoft’s history. Microsoft’s shares fell 3.5 percent on the news.<\/p>\n

Microsoft said LinkedIn boss Jeff Weiner would stay in charge and report to Satya Nadella.<\/p>\n

\u201cThe LinkedIn team has grown a fantastic business centered on connecting the world\u2019s professionals,\u201d Nadella said. \u201cTogether we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n
\n

W<\/span>einer said:\u00a0\u201cJust as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn\u2019s network, now gives us a chance to also change the way the world works.<\/p>\n

“For the last 13 years, we\u2019ve been uniquely positioned to connect professionals to make them more productive and successful, and I\u2019m looking forward to leading our team through the next chapter of our story.\u201d<\/p>\n

LinkedIn, which has 400 million members, has halved in value since early 2015\u00a0after warning that growth in lucrative areas could be slowing, although Microsoft said it was confident in the company’s future, pointing out increasing use of its mobile app.<\/p>\n

The social network allows professionals to create online resum\u00e9s and network, and is widely used by recruiters to find new candidates.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

<\/div>\n
\n
\n
\n

B<\/span>uying LinkedIn is the latest step in Nadella’s transformation of Microsoft. Since\u00a0taking over from Steve Ballmer in February 2014, he has focused on the company’s efforts in cloud computing and enterprise, rather than consumer hardware and mobile software pursued by Ballmer and exemplified by Microsoft’s disastrous acquisition of Nokia’s devices unit.<\/p>\n

The deal dwarfs the \u20ac5.4 billion (\u00a34.3bn)\u00a0purchase\u00a0Nokia’s device unit as well as that of\u00a0Skype, which Microsoft paid $8.5bn for in 2011. It has been unanimously approved by both boards including Reid Hoffman, LinkedIn’s founder who retains a controlling stake in the company.<\/p>\n

In a letter to Microsoft staff, Nadella said that “LinkedIn will retain its distinct brand and independence, as well as their culture which is very much aligned with ours”.<\/p>\n

However, he also said the two companies would be working together, particularly on Office 365 – Microsoft’s suite of productivity programs\u00a0including Outlook and Word – and Dynamics, its customer service software.<\/p>\n

–<\/p>\n

Source: Telegraph\/UK<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Microsoft is buying the professional social network LinkedIn for $26.2 billion (\u00a318.5bn) in one of the biggest technology deals in history. The news, announced on Monday afternoon, instantly sent LinkedIn’s share price soaring by 50 percent in pre-market trading.\u00a0The deal be the biggest in Microsoft’s history. Microsoft’s shares fell 3.5 percent on the news. Microsoft […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[106],"tags":[],"yoast_head":"\nMicrosoft to buy LinkedIn for $26 billion - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microsoft to buy LinkedIn for $26 billion - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Microsoft is buying the professional social network LinkedIn for $26.2 billion (\u00a318.5bn) in one of the biggest technology deals in history. The news, announced on Monday afternoon, instantly sent LinkedIn’s share price soaring by 50 percent in pre-market trading.\u00a0The deal be the biggest in Microsoft’s history. Microsoft’s shares fell 3.5 percent on the news. Microsoft […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-13T14:31:41+00:00\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/\",\"url\":\"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/\",\"name\":\"Microsoft to buy LinkedIn for $26 billion - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2016-06-13T14:31:41+00:00\",\"dateModified\":\"2016-06-13T14:31:41+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Microsoft to buy LinkedIn for $26 billion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Microsoft to buy LinkedIn for $26 billion - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/","og_locale":"en_US","og_type":"article","og_title":"Microsoft to buy LinkedIn for $26 billion - Citi 97.3 FM - Relevant Radio. Always","og_description":"Microsoft is buying the professional social network LinkedIn for $26.2 billion (\u00a318.5bn) in one of the biggest technology deals in history. The news, announced on Monday afternoon, instantly sent LinkedIn’s share price soaring by 50 percent in pre-market trading.\u00a0The deal be the biggest in Microsoft’s history. Microsoft’s shares fell 3.5 percent on the news. Microsoft […]","og_url":"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2016-06-13T14:31:41+00:00","author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/","url":"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/","name":"Microsoft to buy LinkedIn for $26 billion - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2016-06-13T14:31:41+00:00","dateModified":"2016-06-13T14:31:41+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2016\/06\/microsoft-to-buy-linkedin-for-26-billion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"Microsoft to buy LinkedIn for $26 billion"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/222020"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=222020"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/222020\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=222020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=222020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=222020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}