Essential Details about Microsoft’s Acquisition of LinkedIn

Microsoft and LinkedIn Corporation recently announced they have ratified a definitive pact under which the corporate giant will purchase LinkedIn for $196 a share in an inclusive cash transaction totaling to $26.2 billion, including the networking company’s net cash. LinkedIn will maintain its distinctive brand, corporate trends and independence.

According to the exclusive terms of the globally popularized move, LinkedIn chief executive, Jeff Weiner, will remain in charge of LinkedIn, routinely reporting to Satya Nadella, the Microsoft boss. Reid Hoffman, the board chairman, founding partner and the controlling LinkedIn shareholder, and Weiner both all praised this groundbreaking deal. The transaction is set to close within the calendar year.

LinkedIn is the biggest and most valued professional networking platform and continually builds a robust and steadily growing online enterprise. In the course of the past one year, the top-tier corporate behemoth launched a newly designed adaptation of its excellent mobile application that has markedly contributed to a more active and gainful engagement among users worldwide. Credible consumer surveys have consistently pointed to the fact that the novel aspects monumentally improved LinkedIn’s overall utility among its clients across the world.

With the new app, LinkedIn enhanced its newsfeed to provide better business-related features and availed a foremost internet-based learning feature called Lynda.com to help it reach new market frontiers. In a similar vein, the professional networking company unveiled a novel version of its widely appreciated Recruiter product to cater for the divergent needs of their soaring customer numbers. These laudable innovations have led to increased membership, closer and more thorough user engagement as well as yielding higher financial returns.

Nadella is quoted as saying that the inimitable LinkedIn executive management team has developed an excellent enterprise that is aptly centered on the dire need to connect professionals from the four winds of the earth. The revered entrepreneur again opined that Microsoft looked forward to partnering with the blue-chip company in order to optimize returns and provide a more-customer oriented user experience. In his characteristic optimism, Nadella offered that the corporate union of the two leading corporations is set to empower all people and organizations throughout the world.

Lauding the unprecedented business agreement, Weiner said that both cherished the innumerable gains they have registered in the past years. However, the smart LinkedIn investor positively opined, the merger would be a great opportunity to impact the universe jointly and jointly alter the way the world works. Weiner praised LinkedIn’s wonderful work of linking millions of professionals across the continents in the 13 years he has been in the top managerial position, and expressed a personal appreciation to have had the gracious chance to steer the long successful company into the next chapter of its brilliant story.

The high-profile deal has been collectively accepted by the Boards of Directors of the two high ranking companies. The top-cadre merger is set to be signed in the course of this year and is still subject to endorsement by LinkedIn’s shareholders, the fulfillment of some key regulatory sanctions and other habitual closing terms and conditions.