The week barely started and we already experienced billionaire transactions from the tech industry. Social Networks continue breaking records, and this time it was LinkedIn.
LinkedIn was launched on the 05th of May 2003, by Reid Hoffman, Allen Blue, Konstantin Guericke, Eric Ly and Jean-Luc Vaillant. It is a social network used to connect users to different companies and corporations.
This Monday, Satya Nadella the CEO of Microsoft, announced an agreement to acquire LinkedIn for US $22,6 Billion. A deal to be fully completed by the end of 2016, as it still has to be approved by regulators from the European Union, Canada, Brazil and the United States.
Under the terms of the acquisition, Jeff Weiner will continue being LinkedIn’s CEO and the company will maintain its unique culture and independence.
Microsoft plans to unite LinkedIn to its most powerful resources, from its clients to its cloud services, with projects of boosting individual and organization subscriptions as well as targeted advertising.
Satya Nadella seems confident about both companies’ future projects, which will ensure that workers develop their networks and a become more productive, by bringing a huge variety of tools closer to them while using the app.
Nadella and Weiner talk about the acquisition in the video below:
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