June 13, 2016

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Microsoft to buy LinkedIn in $26.2 billion deal –
The networking site for white-collar workers will be acquired by technology titan Microsoft for $26.2 billion in an all-cash deal, the companies said Monday. LinkedIn Chief Executive Jeff Weiner will continue at the helm of the company but will report to Microsoft CEO Satya Nadella, according to a joint statement. LinkedIn will keep its “distinct brand, culture and independence,” the companies said. Over the past year, LinkedIn has been striving — and struggling — to grow beyond its roots as a resume-on-the-web service and become more of a daily hub for professionals, much as Facebook has become more than simply a site for sharing family photos. Steps in that direction include last year’s $1.5 billion acquisition of online training site Lynda.com and a thorough upgrade of its mobile app. The 13-year-old service has 433 million users worldwide. It’s free to use, but charges for features such as advanced search and the ability to send messages to strangers. [CNET]
Jeff_WeinerJeff Weiner

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