Here's What You Need to Know About Microsoft's Acquisition of LinkedIn
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Posted By: Hija Chang on June 27, 2016 By John Lincoln Co-founder and CEO, Ignite Visibility„J@johnelincoln On Monday, social media giant LinkedIn announced that it had agreed to be acquired by Microsoft for $26.2 billion. The deal, still pending regulatory review, is expected to close later this year. LinkedIn will continue to operate as an independent company, with CEO Jeff Weiner reporting to Microsoft CEO Satya Nadella. "Regardless of the ups and downs, we've come out the other side knowing beyond a shadow of a doubt, this is the best thing for our company," Weiner wrote in a letter to LinkedIn employees. He added that the deal gives LinkedIn a future "where we're no longer looking up at tech titans such as Apple, Google, Microsoft, Amazon, and Facebook, and wondering what it would be like to operate at their extraordinary scale -- because we're one of them." Continued: http://www.inc.com/john-lincoln/heres-what... If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Hija Chang
Management, See Moss Interactive Central State University class of 2021 Member Since January 2011 |
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