Today both companies announce that Microsoft will be buying LinkedIN, for $26.2Billion. This is the biggest deal new CEO of Microsoft has done since getting the job.
“The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” Nadella said. “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.” Microsoft is planning to close its acquisition later this year, and the deal has been unanimously approved by the boards of directors of both companies.
This deal is a bit confusing, on how LinkedIN will help Microsoft grow.