Microsoft, today,
announced that it is acquiring LinkedIn, the social network for professionals
with 433 million users, for $26 billion, on $196 per share, in cash. The
transaction has already been approved by the boards of LinkedIn and Microsoft.
LinkedIn is keeping its
branding and product. It will become a part of Microsoft’s productivity and
business processes segment. LinkedIn’s CEO Jeff Weiner will report to Microsoft
CEO Satya Nadella. Read the letter Microsoft CEO Satya Nadella sent to employees
about the buy below:









