Earlier today, LinkedIn announced that it has entered into a $26.2 billion agreement to be acquired by Microsoft. According to their blog, the deal will allow LinkedIn to continue their growth while investing in the LinkedIn platform. The announcement states that “LinkedIn will retain its distinct brand, culture and independence.”
Of the acquisition, TheVerge.com says, “It’s clear this is a big acquisition for Microsoft, both in terms of cash value and what LinkedIn brings to the company. More than 433 million people use LinkedIn worldwide to network, find jobs, and reconnect with old colleagues. Many of those LinkedIn users also pay for premium services to use the site.”
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