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Microsoft to acquire LinkedIn for $26.2 billion

Jun 13, 2016 Cellpex, United States, Ohio - admin

Out of the blue, Microsoft announced that it will acquire LinkedIn for a massive $26.2 billion in an all-cash transaction ($196 per share). Company co-founder and controlling shareholder Reid Hoffman and CEO Jeff Weiner fully support the deal. Weiner will remain as CEO and will report to Microsoft head honcho Satya Nadella.

The business-oriented social network boasts 433 million members and is growing 19% year over year. It gets 105 million unique visitors each month and 60% of users go through the newly released app. The network currently hosts 7 million active job listings, which...

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