In one of the biggest acquisitions of recent times, Microsoft Corporation has now officially declared their acquisition of LinkedIn. LinkedIn has been among some of the biggest names when it came to professional connections online, and is a huge takeover by the company. LinkedIn had recently taken over Slideshare and Lynda. Microsoft acquiring LinkedIn is indeed a big step forward for the company as they are looking forward towards newer directions to expand beyond software.
Microsoft has been trying their best to move towards newer and bigger markets, and among these, the hardware industry has been one big challenge for the company. Microsoft is also looking at newer directions
Microsoft and LinkedIn have together announced yesterday that following a 26.2 Billion dollar deal, LinkedIn has now been taken over by Microsoft Corporation. It has also been announced that LinkedIn CEO Jeff Weiner will continue in his role, but now report to Microsoft CEO Satya Nadella.
Both Nadella and Weiner have commented on the matter and a very optimistic Satya Nadella commented saying: “The LinkedIn team has grown a fantastic business centred on connecting the world’s professionals. Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet.”
This is indeed a good step forward for the company, and it is being anticipated that Microsoft will soon start pushing their premium business features with LinkedIn in the days to follow. With over 433 million members globally, and 105 million unique visiting members a month, LinkedIn has often been called the world’s largest professional network.
Microsoft has had several other announcements to make over the weekend and in the days to follow as the company is all set for a major E3 2016, where they will be showing off the latest variant of the XBOX One.