Its official, Microsoft is all set to acquire the professionals’ Social networking website – LinkedIn for $26.2 billion in an all-cash transaction.
If looking at the statistics of LinkedIn, the website is active in over 200 countries and has around 105 million monthly active users, with 433 million registered overall. The company has some 60 percent of all traffic on mobile, and 45 billion quarterly page views. It’s also one of the biggest repositories of job listings, with some 7 million active listings currently.
This is this biggest acquisition by Microsoft, after Satya Nadella became the CEO of the company. After the acquisition, the company will continue to operate as usual and become a part of Microsoft’s productivity and business processes segment. And the LinkedIn CEO, Jeff Weiner will now be reporting to Microsoft CEO Satya Nadella.
About the acquisition, Satya Nadella said in a statement,
The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals. Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet.
Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn’s network, now gives us a chance to also change the way the world works.
For the last 13 years, we’ve been uniquely positioned to connect professionals to make them more productive and successful, and I’m looking forward to leading our team through the next chapter of our story, said Jeff Weiner.
It would be really interesting to see, what Microsoft actually does with LinkedIn, how they integrate it’s services inside their application or business applications, cortana and more.
Read more: Microsoft News