Microsoft Offers $26 Billion To Buy LinkedIn - Microsoft Offers $26 Billion To Buy LinkedIn -
  • Latest News

    Microsoft Offers $26 Billion To Buy LinkedIn

    Microsoft is ready to pay a huge some of $26 billion to buy LinkedIn. The biggest deal ever made by Microsoft, so that users of its business software will see news and suggestions from LinkedIn — and that will create opportunities to sell ads and subscriptions.

    Microsoft, the largest maker of software in the world, is buying LinkedIn, the social network aimed at professionals,for $26.2 billion in all-cash transaction. The two companies announced the deal Monday morning before the market open on Wall Street.

    Seattle-based Microsoft is paying $196 per share of LinkedIn, a premium of 49.5 percent over the closing price of LinkedIn shares on Friday. Investors reacted by buying up LinkedIn stock, with the share price up to $194 before the start of trading Monday. At the same time, Microsoft shares were down 3 percent.

    Microsoft says it’s buying LinkedIn, which has more than 430 million users, to combine its cloud-based services with LinkedIn’s huge user network.

    Source: Vice News
    • Blogger Comments
    • Facebook Comments


    Post a Comment

    Item Reviewed: Microsoft Offers $26 Billion To Buy LinkedIn Rating: 5 Reviewed By: Naija noni
    Do You Have Articles, Advert Or Music You Want To Promote... Contact Us:- Whatsapp/Call: +2348143045485, BBM: 590B1DC3, Email: [email protected]
    Scroll to Top