![]() LinkedIn Type of business: Professional social network site Acquisition price: 27.0 billion 14. ![]() ![]() Microsoft had asked for regulatory approval from the governments of the US, Canada, Brazil and the EU, all of which approved the deal. Explore professionally designed templates to get your wheels spinning or create your LinkedIn banner from scratch. In most cases, Microsoft does not break out the revenue or profit for these companies. Roughly 20 billion will be recorded by Microsoft as assets. The European Union gave its blessing to the deal on Tuesday, which led to today's official closing of the acquisition. If the Microsoft-LinkedIn deal closes as expected, Microsoft will borrow 25 billion to purchase a company with 4 billion in assets. He added that over the next few months, the social network will share more about how it's integrating its services with Microsoft's products. Microsoft to buy LinkedIn in 26.2 billion deal Microsoft's 26B acquisition of LinkedIn gets EU approval Bill. The two companies said they plan to work together on artificial intelligence, machine learning, the cloud, devices and more.Īs for users, Weiner said LinkedIn will remain essentially unchanged. It's been a long time coming: Microsoft now officially owns LinkedIn. "I'm more confident than ever that our move to join forces with Microsoft will accelerate our mission to connect the world's professionals to make them more productive and successful, and ultimately help create economic opportunity for every member of the global workforce," wrote LinkedIn CEO Jeff Weiner in a blog post.įor Microsoft, the LinkedIn deal furthers its plan to become an essential provider to businesses of cloud-based services, including its Office 365.
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