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Microsoft buys LinkedIn for $26.2 billion, making one of the biggest tech mergers in history and giving the software giant a stake in professional world.
LinkedIn was founded in 2002 and grew into the largest professional social network, with 100 million active users and more than 433 million accounts. Microsoft will acquire LinkedIn for $196 per share or $65 per user.
Microsoft CEO Satya Nadella touted the pairing as a way to improve both companies.
“This combination will make it possible for new experiences such as a LinkedIn newsfeed that serves up articles based on the project you are working on and Office suggesting an expert to connect with via LinkedIn to help with a task you’re trying to complete. As these experiences get more intelligent and delightful, the LinkedIn and Office 365 engagement will grow,”Nadella wrote.
In an email to staff, Microsoft CEO Satya uncover last year’s milestones:
”Over the past year, the company has launched a new version of its mobile app that has led to increased member engagement; acquired a leading online learning platform called Lynda.com to enter a new market; and rolled out a new version of its Recruiter product to its enterprise customers. These innovations have resulted in increased membership, engagement and financial results, specifically:”
- 19 percent growth year over year (YOY) to more than 433 million members worldwide
- 9 percent growth YOY to more than 105 million unique visiting members per month
- 49 percent growth YOY to 60 percent mobile usage
- 34 percent growth YOY to more than 45 billion quarterly member page views
- 101 percent growth YOY to more than 7 million active job listings
“The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” Nadella said. “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.”