Microsoft Announced Monday That They Acquired LinkedIn
Microsoft announced Monday that it would acquire professional networking site LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion.
In an email to LinkedIn employees, LinkedIn CEO Jeff Weiner explained why he decided to sell the company to Microsoft. Weiner mentions Microsoft CEO Satya Nadella’s leadership as a driving factor.
“The Microsoft that has evolved under Satya’s leadership is a more agile, innovative, open and purpose-driven company,” Weiner wrote. “It was the latter point that first had me thinking we could make this work, but it was his thoughts on how we’d do it that got me truly excited about the prospect.”
Weiner shared some ideas for how LinkedIn’s services could be integrated into Microsoft’s products, such as weaving LinkedIn’s graph into Outlook, Calendar, Office, Windows, and other Microsoft apps. The LinkedIn CEO also said the company would remain a fully independent entity within Microsoft. Realizing LinkedIn’s full potential to truly change the way the world works by partnering with Microsoft to innovate on solutions within the enterprise that are ripest for disruption, e.g., the corporate directory, company news dissemination, collaboration, productivity tools, distribution of business intelligence and employee voice, etc.
Expanding beyond recruiting and learning & development to create value for any part of an organization involved with hiring, managing, motivating or leading employees. This human capital area is a massive business opportunity and an entirely new one for Microsoft.