LinkedIn will continue to operate as an “independent brand,” the companies said in their announcement Monday. Jeff Weiner will stay in his current role and report to Nadella. LinkedIn founder Reid Hoffman has approved of the deal, though it’s not clear what his role will be at LinkedIn moving forward. For example, LinkedIn’s newsfeed could offer you an article based on a project you’re working on in Microsoft Word or PowerPoint, or Microsoft Office could suggest an expert source for you on LinkedIn to help you complete an assignment. said, his vision is for Microsoft’s Office software to combine with LinkedIn’s network. “The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” Nadella said in a statement. Because in uncharted territory, we need to be able to shift and adjust as data and research offer new insights to guide our way. Microsoft bought LinkedIn for 196 a share, which. And we’re incorporating flexibility into our decision-making. Clearly, Weiner and LinkedIn’s board agreed, starting talks just after its troubled February report in which the company had lowered its forecasts. Microsoft has some interesting ideas for how it could integrate its own products with LinkedIn, whose stock jumped about 50 percent on the news. At Microsoft and LinkedIn, we want to take a learn-it-all approach, and lead with data rather than dogma. The effects were wide-ranging, affecting high-profile users including Facebook C.E.O. Then, LinkedIn suffered a huge data breach, in which 117 million passwords were hacked and put up for sale on the black market. In February, the public company had its worst day ever, with shares of its stock plunging as much as 44 percent after it released weaker-than-expected earnings guidance. The timing is particularly good for LinkedIn, which has been having a tough few months. Satya Nadella has agreed to pay $196 per share for the business-oriented social networking giant, which has more than 400 million members. Two days later, before the stock market opened, the companies announced the news.Some good news for a quiet year of deal-making in Silicon Valley: Microsoft will purchase LinkedIn in an all-cash $26.2 billion sale, the companies announced Monday. It also offers LinkedIn mobile applications across a range of platforms and languages, including iOS for iPhone and iPad, Android, Blackberry, Nokia Asha, and. On June 11, Nadella agreed, and the companies signed a deal. Later that day, LinkedIn CEO Jeff Weiner told Microsoft CEO Satya Nadella that the board would support a bid for $196 a share in cash. On June 10, Microsoft lifted its offer to $190 a share in cash - as compared to the $160 a share bid it had started with. As Salesforce’s stock price climbed, LinkedIn executives pressed Microsoft for more money. The bid from Salesforce put pressure on Microsoft to boost its offer several times, even after LinkedIn entered an arrangement to negotiate with Microsoft exclusively. By early May, the other bidders had dropped out of the talks, the filing said. That was reported to be Facebook CEO Mark Zuckerberg. On April 7, LinkedIn Chairman and co-founder Reid Hoffman told the CEO of “Party D” that the company was in play, however, the CEO expressed no interest in an acquisition. On June 10, Microsoft lifted its offer to 190 a share in cash as compared to the 160 a share bid. Microsoft and Salesforce, which the Wall Street Journal confirmed as what the filing called “Party A,” showed early interest in the process that got underway in February. As Salesforce’s stock price climbed, LinkedIn executives pressed Microsoft for more money. However, the names were not officially released. Bloomberg reported, citing a person involved in the negotiations, that Facebook Inc. Three other companies were also involved in the discussions according to the Securities and Exchange Commission filing by LinkedIn. Take up was slow, however, Sequoia Capital provided the initial investment to kickstart LinkedIn’s growth, which would be returned mightily with the IPO in 2011 and the 26.2 billion acquisition by Microsoft in 2016. Microsoft increased its offer from $182 a share earlier to $196 a share on June 11, after the other main bidder offered “approximately $200” a share for the company, the filing said. Hoffman had a stint at PayPal with college roommate Peter Thiel, before launching LinkedIn on May 5, 2003. Microsoft, the world’s largest software maker, agreed to buy LinkedIn last month for $26.2 billion -or $196 a share in cash, after two months of negotiations. by 22 percent - roughly $5 billion, because of persistent bidding from, a regulatory filing by the professional social networking site and reports showed. was forced to boost its offer for LinkedIn Corp. The logo for LinkedIn Corporation is shown in Mountain View, California, Feb.
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