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Microsoft buys LinkedIn for $ 26 billion

Фото: Depositphotos

Microsoft will buy LinkedIn social network for $ 26,2 billion

The corporation's chief executive, Satya Nadella, said the deal "will bring together a global leader in business cloud services and a leading social networking site."

The number of LinkedIn users is estimated at more than 400 million.

According to representatives of both parties, LinkedIn will maintain "its recognizable brand, culture and independence."

The transaction is expected to close this year.

Microsoft said in a statement that the company will pay $ 196 per share for the social network, up 49,5% from the stock's price at Friday's close. LinkedIn shares soared 49% Monday morning after news of the deal, the Associated Press reported.

It is also reported that in case of termination of the purchase contract, the social network will have to pay Microsoft $ 725 million.

In April, it became known that the revenues of the American corporation Microsoft declined sharply due to falling sales of personal computers. At the same time, the company's cloud business revenues are growing. The corporation says they intend to more actively develop their cloud services.

“Digital transformation is our top priority. Both large companies with mature businesses and newly launched firms use our cloud solutions to grow faster and generate new profits, ”said Microsoft spokesman Kevin Turner at the time.

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