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."
29s
21m
1m
1m
1m
1m
2m
1m
21m
20m
20m
1h 21m
44m
22m
46m
47s
55s
24m
20m
14m
7m
2m
23m
41s
1m
2m
1m
1h 21m
20m
45m
41m
2m
1m
55s
2m
1m
2m
1m
1m
37s
42s
1m
2m
2m
2m
27s
2m
2m
1m
1m
2m
1m
2m
2m
23m
42m
24m
22m
21m
22m
21m
22m
21m
20m
44m
20m
1h 11m
1h 5m
1m
1m
1m
3m
1m
2m
8m
1m
1m
2m
20m
3657s
21m
23m
20m
1h 28m
1h 43m
22m
44m
1h 25m
3m
1m
4m
2m
2m
2m
2m
1m
1h 23m
1h 2m
18m
2m