microsoft to buy linkedln, the professional social network for $26.2 billion
microsft to buy lind Microsoft has confirmed it is ready to buy the professional social network LinkedIn for $26.2 billion in cash, a move that helps refocus the US tech giant around cloud computing and services. With its biggest-ever acquisition and one of the largest in the tech sector, Microsoft takes a big step into the world of social networking and adds a new tool for its efforts to boost services for business. “This deal brings together the world’s leading professional cloud with the world’s leading professional network,” Microsoft chief executive Satya Nadella said in a statement. “It’s clear to me that the LinkedIn team has grown a fantastic business and an impressive network of more than 433 million professionals.” According to a statement from the two firms, LinkedIn “will retain its distinct brand, culture and independence,” with Jeff Weiner remaining at CEO of LinkedIn. “Just as we have changed the way the world connects to opportunity, t...
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