Microsoft Signs Agreement - Acquire LinkedIn for $26.2 billion
Tuesday 14th of June 2016
Microsoft 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.
- Microsoft founded by Paul Allen and Bill Gates on 4 April 1975.
- LinkedIn founded on 14 December 2002 and launched on 5 May 2003.