LinkedIn is the world’s largest and most valuable professional network and continues to build a strong and growing business. The transaction is expected to close this calendar year. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. LinkedIn will retain its distinct brand, culture and independence. (Nasdaq: MSFT) and LinkedIn Corporation (NYSE: LNKD) on Monday announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. REDMOND, Wash., and MOUNTAIN VIEW, Calif.
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