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Microsoft Is Buying LinkedIn For $26.2 Billion (microsoft.com)
Microsoft on Monday announced it is acquiring LinkedIn, the social network for professionals, for a whopping sum of $26 billion -- or $196 per share, in cash. The transactions, the companies say, has already been approved by both boards. As part of the agreement, LinkedIn will get to keep its branding, and will become part of Microsoft's productivity and business processes segment. Jeff Weiner will remain CEO of LinkedIn, and now report to Microsoft CEO Satya Nadella. In a statement, Nadella said: The LinkedIn team has grown a fantastic business centered on connecting the world's professionals. 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.LinkedIn has over 430M members on its network. LinkedIn's purchase marks Microsoft's 196th acquisition of another company -- it is incidentally also its most expensive purchase. Four years ago, Weiner laughed at the idea of a Microsoft buyout. Update: 06/13 13:31 GMT by M :According to Bloomberg, LinkedIn shares surged 49 percent in premarket trading in New York to $194.63. Microsoft fell 3.7 percent to $49.60.
it will become LinkedOut.
Well, you can't say they haven't learned anything from their experience. This time they're skipping a step and just buying the manure.
Log in or piss off.
Don't be so negative. That's what people said about Tumblr when Yahoo bought them, and yet, see how it became even more popular and how that acquisition was the catalyst for Yahoo's revival under the competent leadership of Marissa Mayer?
lucm, indeed.
Of course, the W10 telemetry is seriously nosey. But as this is M$ we are talking about, I ultimately cannot see them doing much useful with it. They are probably too disorganised internally to come up with anything worse than an intrusive, ad-laden personalised version of Clippy, based on that data. Or something like that.
It's outfits like Google that give me the heebie-jeebies these days, not good old "640k is enough for everybody" M$.
LinkedIn data is stored in MySQL. It's just a matter of time before your profile goes away by itself anyways.
lucm, indeed.
It just popped up, "All the information in this computer is scheduled to be posted to LinkedIn in 10 minutes" and there were just two buttons "Do it now" and "Spam all email addresses in this machine beseeching them to join LinkedIn with more dire warnings".
sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
You're not "social" enough, dude!
"It looks like you're trying to write a Total Requirements Statement. Would you like to connect to Clippy on LinkedIn?"
That little bastard Clippy...better not "fix" my resume.
I only look human.
My mother is a halfling and my dad is an ogre, so that makes me an Ogreling
Who in the **** wants to be interrupted by LinkedIn when they are working, with a "recommendation for an expert on a task you're trying to complete"?
So let me get this straight. This thing I'm working on that needs to be finished by the end of day, the new MS solution will recommend someone on LinkedIn to help me finish it. It will take a month to get the approval to hire someone after establishing the business case. Then it will take another two months to finish the interview and hiring process. (This is all assuming the guy they recommend had any interest at all) Then he will come on board to help with the task. Now my client has ditched me because I'm 3 months past my deadline. Now we have this extra guy on pay roll who has nothing at all to do because the project we hired him for is canceled. We can't afford to pay him because our client demanded their money back due to our incompetence. Since we got this new employee I want to keep him busy so we'll throw some other task at him. He'll happily computer on when LinkedIn will recommend a new expert to assist in finishing. We can restart this cycle and continue to loop. Microsoft productivity in the new era! Brilliant!