Microsoft Corp. said Monday it had agreed to buy LinkedIn Corp. for $26 billion, giving it a powerful set of tools to help businesses succeed in the digital age.
Microsoft said that it would pay $196 per share in cash for the social media and professional networking site, a premium of more than 30% above where LinkedIn’s shares were trading on Friday. The deal values LinkedIn at about $26 billion and represents one of the largest acquisitions ever by Microsoft.
The deal is expected to close in 2022, subjecting LinkedIn shareholders to about two years of annual net losses after taxes through 2021 before they begin receiving regular dividends from Microsoft.
“We are committed to helping people connect with opportunity,” Microsoft CEO Satya Nadella said in a blog post announcing the deal. “LinkedIn is one of the world’s premier professional networks, serving nearly 400 million members in more than 200 countries and providing diverse careers information, job postings and social engagement opportunities.”
Why Microsoft chose LinkedIn?
LinkedIn is one of the largest professional social networks on the web. It has more than 300 million users worldwide and generates annual revenue of about $5 billion.
Microsoft is known for its productivity software, but it has been trying to expand its business into cloud computing services like this one as well. In fact, Microsoft's Azure cloud computing service competes directly with Amazon Web Services (AWS). LinkedIn CEO Jeff Weiner will stay on as CEO after the acquisition closes sometime later this year or early next year.
When it comes to social media, LinkedIn is the most powerful social media network. It has the highest number of members and has been around for a long time. LinkedIn is an effective tool for marketers because it's a high-quality business networking site with lots of features and opportunities for professionals to network, build their brand and get new clients.
The main reason why LinkedIn is such a powerful social media network is because of its ability to help businesses grow their customer base. By using LinkedIn, businesses can reach out to people who are looking for work or who want to work in your industry. This helps you reach out to potential customers and increase your company's reach across all industries.
However, LinkedIn isn’t just about connecting with others professionally. It’s also a place where companies can market themselves to potential customers and investors, as well as recruit top talent by posting job openings and sharing their latest news articles. And while it might seem like LinkedIn’s primary purpose is to connect people who work in business, its social features make it a popular choice for job seekers too.
The Success of Microsoft
Microsoft is the most powerful brand nowadays. They have the largest market share in the IT industry, and they are a leading software company that produces excellent products such as Windows operating system, Office suite, and SQL Server. Microsoft is also known for its cloud computing solutions and its technology is used by millions of people worldwide to access their email, search for information on the web or play games online.
Microsoft has been able to achieve this success because it has created products that are easy to use and understand by both tech-savvy users and non-technical people alike.
The reason that Microsoft was able to purchase LinkedIn for $26 billion dollars was because it was such a popular social networking site. With over 300 million users, LinkedIn is one of the most popular social networking sites on the internet today. It has become so popular that it has been linked with other well-known websites such as Facebook or Instagram.
California will become the first state in the nation to enact a law that protects children's privacy online. No doubt, this bill will bring a lot of positives! Children will now be safe from unwan...Read More..