IT giant announced today that it has agreed to buy the social job network with a bid of $ 196 per share.
The acquisition price represents $ 26.2 billion or just over 217 billion. There are almost 50 percent more than the market value of LinkedIn before the weekend.
This is by a wide margin the largest acquisition in Microsoft’s 41-year history.
In comparison, they paid $ 7.2 billion for Nokia’s mobile activities (2013), $ 1.2 billion for Yammer (2012) and $ 8.5 billion for Skype in 2011.
Both companies’ boards have unanimously approved the transaction, which is expected completed during the calendar year.
There will be an assumption that shareholders LinkedIn accept the bid, and approval of certain regulatory authorities.
LinkedIn to retain its independence, brand and their own culture . Jeff Weiner remain CEO and will after the acquisition report directly to Microsoft CEO Satya Nadella, said in a joint statement.
– LinkedIn team have created a wonderful business centric business centered around linking the world’s professionals. Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics, said Nadella said in a statement.
433 million users
The company Microsoft is now going to post below it was established in 2002. Since then they have grown into the world’s largest professional social network.
in today’s announcement will be available an annual growth of 19 percent to reach over 433 million users worldwide.
traffic figures have in the past year increased 9 percent to over 105 million unique visitors a month. 60 percent of visits occur with mobile phone.
One of the most attractive set of economic eyes are job listings. Here, LinkedIn boasts a doubling to 7 million active ads in the past year.
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