Microsoft signs agreement to acquire LinkedIn for $26.2 billion

Jun 14, 2016 13:03 IST

Microsft and LinkedinMicrosoft Corporation and LinkedIn Corporation on 13 June 2016 announced that they have entered into a definitive agreement.

As per the agreement, Microsoft will acquire LinkedIn for 196 dollar per share in an all-cash transaction valued at 26.2 billion dollar, inclusive of LinkedIn’s net cash. However, LinkedIn will retain its distinct brand, culture and independence.

About Microsoft Corporation

Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington.

It develops, manufactures, licenses, supports and sells computer software, consumer electronics and personal computers and services.

Its best known software products are the Microsoft Windows line of operating systems, Microsoft Office office suite, and Internet Explorer and Edge web browsers.

It is the world's largest software maker by revenue, and one of the world's most valuable companies.

It was founded by Paul Allen and Bill Gates on 4 April 1975.

About LinkedIn Corporation

LinkedIn is a business-oriented social networking service.

It was founded on 14 December 2002 and launched on 5 May 2003.

It is mainly used for professional networking.

As of 2015, most of the site's revenue came from selling access to information about its users to recruiters and sales professionals.

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