Microsoft made sure to kick off the work week w/ quite a surprise move. They announced this morning that they just purchased LinkedIn for $26.2 billion. This marks Satya Nadella’s 1st big acquisition since becoming the CEO.
They plan to integrate LinkedIn into many of their apps & services like Office, Skype, and Cortana to name a few. Microsoft will keep LinkedIn as a separate app w/ the current CEO intact. This adds more of a focus on their cloud services and less on Windows. All of this while acquiring 433 million more users. Not too shabby of a deal.
The deal is said to close sometime later this year. For those of you interested, you can read Nadella’s letter to LinkedIn employees here.
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