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Microsoft is buying LinkedIn for over $26 billion

Microsoft is buying LinkedIn for over $26 billion 

With this acquisition, LinkedIn will continue to operate with its own brand and carries the same independence, with the current CEO Jeff Weiner still at the head but instead will be reporting directly to Microsoft’s CEO Satya Nadella.

This is the first big purchase for Nadella since he took over the top job at Microsoft just over two years ago.  At this time Microsoft is not saying exactly what it will use LinkedIn for but has been positioning this as the combination the “world’s leading professional cloud” together with the “world’s leading professional network.” 

But according to the way Nadella sees this, his vision is to use this acquisition to enhance our professional lives by acquiring new skills to be successful in our current jobs so as to find a bigger and greater next job.

The deal is expected to close later this year and has already been unanimously approved by the boards of directors of both companies. Having more than 433 million users, with this acquisition it is safe to say that LinkedIn will continue to grow to greater heights with the combination of cloud and professional network. 

Source: The Verge

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