Microsoft Purchases LinkedIn for $26.2 Billion
FUSE TV - Microsoft Purchases LinkedIn for $26.2 Billion
Time for your weekly dose of Monday morning money talk! Today Microsoft has announced plans to acquire professional social platform LinkedIn for $26.2 billion, which equals $196 per share. CNBC reports that shares of LinkedIn surged 47 percent after the news dropped, where Microsoft stock went down 3.2 percent.
Microsoft CEO Satya Nadella shared the following statement:
"The LinkedIn team has grown a fantastic business centered on connecting the world's professionals. Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet."
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