Jordan Posted June 13, 2016 Share Posted June 13, 2016 Microsoft is buying social-network vendor LinkedIn for $26.2 billion Microsoft is buying social-networking site LinkedIn in an all-cash transaction for $26.2 billion, company officials announced June 13. The move fits in with Microsoft's increasing push to focus on business customers. Founded in 2002, Mountain View, Calif.-based LinkedIn had approximately 400 million users in 2015. The company provides a social network alternative for finding professional and work connections, sharing resumes and potentially finding new posts. In 2015, LinkedIn bought Lynda.com for $1.2 billion to help the company bolster its online learning/training and talent-development capacities. According to the press release, Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. The transaction is expected to close this calendar year, subject to the approval of LinkedIn shareholders. Many are asking me why Microsoft bought LinkedIn (and why the company paid so much for the company). I admit, I, too am scratching my head. Microsoft's press release mentions LinkedIn's new version of its mobile app and the enhancement of its newsfeed "to deliver business insights." (Check off buzzwords "mobile" and "insights.) It also mentions Lynda.com as a key asset, as well as LinkedIn's Recruiter product, which targets enterprise customers. Microsoft bought enterprise social-networking vendor Yammer for $1.2 billion in 2012, and since then has ended up cribbing a number of Yammer technologies in its own Office 365 service. Yammer is one of a number of overlapping technologies from Microsoft that is part of its social-networking portfolio. Update: Nadella's June 13 email to the troops about the LinkedIn deal sheds a bit more light on management's thinking around the buy. Microsoft officials see LinkedIn fitting in with Office 365, Dynamics CRM/ERP and Microsoft's advertising efforts. SOURCE Link to comment Share on other sites More sharing options...
rudrax Posted June 13, 2016 Share Posted June 13, 2016 How many employees have they fired this time? Link to comment Share on other sites More sharing options...
macnavarra Posted June 13, 2016 Share Posted June 13, 2016 me . macnavarra Link to comment Share on other sites More sharing options...
luisam Posted June 13, 2016 Share Posted June 13, 2016 "Linkedin" cheats users to hand them over ALL their email contacts! Including aparently experimented users give them readily and happily the access to their email so Linkedin starts sending in their name messages that sound like "I would like to add you to my professional network in Linkedin". It is not a social network, but social engineering! I have Linkedin long time ago blacklisted! They are worse then spam! Now I'm DEEPLY surprised that this crap has 400M "users" and it's worth $26.2 billion to Microsoft! Link to comment Share on other sites More sharing options...
pc71520 Posted June 13, 2016 Share Posted June 13, 2016 Let's hope Micro$oft won't turn LinkedIn into another failure... Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.