Friday, 9 December 2016

Microsoft To Buy Linkedin For $26.2 Billion

Image result for microsoft and linkedin image 2



As we all Microsoft does not have a social network of its own, but it does have a great deal of money to purchase any thing of its choice when the need arises, interesting. When you have got that, you can have anything you want. Microsoft has just recently announced that it will purchase the business-oriented social network LinkedIn for an incredible $26.2 billion dollars. That is obviously 26.2 Instagrams lol! or roughly the entire annual GDP of Estonia.





However Microsoft CEO Satya Nadella has been at the helm for a few years, and has not really made any huge moves yet. This one certainly qualifies, though. This is a cash transaction at exactly $196 per share, not a stock/cash deal as many acquisitions are. Microsoft has to get the final regulatory approval for the purchase yet, and there is a $725 million breakup fee if for some reason it is not approved.

In conclusion, LinkedIn is the main social network that focuses on mostly professionals, and that is a very big market for Microsoft. Nadella and LinkedIn CEO Jeff Weiner had a little chat to talk about the acquisition. That is presumably after they and LinkedIn chairman Reid Hoffman had already provided the green screen pictures that were used to craft the lazy Photoshop at the top of this post. Oh, Microsoft; you can pay billions for a company, but can't get everyone in a room for a photo. lol!

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