Microsoft is Set to Acquire LinkedIn for $26.2 billion 2


Microsoft has made plans to acquire the social network for professionals, LinkedIn. This comes after software giant acquired calendar app, Sunrise and  it’s to-do list tool, Wunderlist.

linkedinThe deal is said to be worth $26.2 billion. The transaction is said to close by the end 2016. LinkedIn CEO Jeff Wiener will still be the Chief Executive reporting to Microsoft’s CEO, Satya Nadella and LinkedIn will continue running as usual.
LinkedIn CEO Jeff Weiner said:

Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn’s network, now gives us a chance to also change the way the world works.
For the last 13 years, we’ve been uniquely positioned to connect professionals to make them more productive and successful, and I’m looking forward to leading our team through the next chapter of our story.

 

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Frederick Damasus is a tech enthusiast and blogger who has a passion for creativity and innovation. He is a self-taught graphic designer and currently delving into web design and development. He loves photography and volunteers his spare time to inspire children in orphanages through dance. He is a trained Petroleum Engineer but found himself in the AID/Development sector. He currently serves as the M&E/ICT Manager at the Center for Creative Development Strategies, an NGO based in Port Harcourt, Rivers State, Nigeria.

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