downloadMicrosoft Corp. MSFT, -3.63% said Monday it has agreed to acquire LinkedIn Corp. LNKD, +48.51% in an all-cash deal valued at $26.2 billion. In a blog post, Microsoft said it will pay $196 per LinkedIn share and will finance the deal by issuing new debt. The professional networking site will retain its brand, culture and independence and Jeff Weiner will remain chief executive, said the blog. Weiner will report to Microsoft CEO Satya Nadella. The deal is expected to close this calendar year. LinkedIn shares rallied 48% on the news in premarket trade, while Microsoft shares were halted for news pending.

Source: Microsoft agrees to buy LinkedIn in all-cash deal valued at $26.2 billion – MarketWatch

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s