Microsoft, the largest company in the computing field, is going to acquire the prestigious professional network LinkedIn! Microsoft has announced that it has entered into exclusive negotiations to buy LinkedIn at $196 per share, for a total transaction of $26.2 billion (23.3 billion euros). This price per share is 49% higher than its closing price on the stock exchange on Friday. On Wall Street, LinkedIn soars at the open on Monday afternoon, while Microsoft falls by 4%.
The transaction is expected to be completed by the end of the year, the two technology giants report. LinkedIn will remain independent and will retain its brand and corporate culture, promises Microsoft CEO Satya Nadella. Jeff Weiner, LinkedIn’s current CEO, will remain in his position.
Source: les echos
