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Microsoft Announce Deal To Buy LinkedIn For £18.4 Billion

  • Written By Livie
  • Posted June 13, 2016
  • 1 minutes Read Time

Media Lounge’s Magento agency team learned today (Monday 13th June) of an announcement on the Microsoft website was released that stated they have a deal in place, valuing LinkedIn at £138 per share.

There were people who thought that this would mean the end of the road for Jeff Weiner, CEO of LinkedIn, but early reports confirm he will remain in his role and report to Satya Nadella, CEO of Microsoft.

Recently Satya cited that, as a user of LinkedIn as well as being a publisher on LinkedIn, he was excited to work with the site due to the fact that he is an admirer of the way it empowers people to move forward and progress in their careers.

Jeff Weiner, LinkedIn CEO, said: “Satya said we have to make sure that there is alignment in two areas: purpose and structure.

“It was after the purpose discussion where there was a lot of excitement.”

Weiner added: “Satya said you guys have to help write the rules, you have your independence, we have this shared sense of alignment.”

It is thought that LinkedIn’s mission will now be focussing on connecting the world’s professionals to assist in increasing production and success levels, and Microsoft will be on hand to help empower every person and organisation in the world to achieve more.