Microsoft closes $26.2 billion purchase of LinkedIn

Microsoft’s $26.2 billion purchase of LinkedIn is officially a done deal.

The two tech firms on Thursday announced that the acquisition has been completed, marking the close of Microsoft’s largest purchase to date and its biggest bet on social networking yet.

“Today I am even more enthusiastic about the common mission and sense of purpose we share, the similarities in our cultures, and the added value we can create for LinkedIn members, to help professionals transform how they work, realize new career opportunities and connect in new ways,” Microsoft CEO Satya Nadella wrote in a post on LinkedIn.

Nadella said the tech firm plans to integrate LinkedIn into some of its products. Consumers will be able to write up a resume in Microsoft Word, for example, and then discover and apply for jobs on LinkedIn. Online video tutorials on LinkedIn will be available on Office 365 and Microsoft Windows.

In a note to LinkedIn employees, the Mountain View tech firm’s CEO Jeff Weiner told workers that the company’s daily operations and mission will remain the same.

“Our members still come first. Our commitment to privacy and security will not change. And our partners are still core to our business. We’ll continue to remain focused on growing LinkedIn and creating value for our members and customers,” Weiner wrote.

Microsoft’s plan to purchase LinkedIn didn’t go off without a hitch, however.

In September, Salesforce.com raised privacy and antitrust concerns to regulators about Microsoft’s purchase of LinkedIn. Salesforce had lost out on a bid to purchase the business-oriented social media company and feared that the software giant would deny competitors access to LinkedIn’s data.

But on Tuesday, the European Union approved the acquisition after Microsoft agreed to concessions that would quell some of these concerns from rivals.

LinkedIn has 467 million members in more than 200 countries and territories, according to its website.

As of Thursday morning, LinkedIn’s stock was slightly higher, but Microsoft’s shares were slightly down.

Photo: In this Nov. 6, 2014 photo, a LinkedIn employee walks past a company logo at the company’s headquarters in Mountain View, Calif. (Marcio Jose Sanchez/AP)

 

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  • sd

    As it was when the acquisition was announced, the question is, “If Linkedin is the answer, what was the question?”

    Linkedin itself still does not seem to have figured out what it wants to be when it grows up. Monster clone? Facebook for white-collar workers? Why does Microsoft really want it? It’s awfully expensive as a series of Web services extending Office365. Consumer products have never been Microsoft strong suits. And Linkedin to date has offered nothing that keeps the vast majority of its users logged in and engaged, the way Facebook and Instagram and even twitter do.

    I expect to see Microsoft write off this acquisition in three years as it did with Nokia. It’s like they felt they needed to participate in the gold rush — only to get a big property loaded with pyrite.

 
 
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