first published week of: 06/20/2016
All-cash deal will see LinkedIn retain its distinct brand, independence, and CEO.
The deal will see LinkedIn retain its brand, culture, and independence. Jeff Weiner will remain as CEO of LinkedIn but report into Microsoft CEO Satya Nadella. Reid Hoffman, co-founder and controlling shareholder of LinkedIn, and Weiner both support the acquisition. The deal was unanimously approved by the boards of directors for both companies.
When the deal is complete, LinkedIn's financials will be reported through Microsoft's Productivity and Business Processes division.
Here's a video of the two CEOs discussing the acquisition, with Nadella calling it out as the first big deal that he's orchestrated as Microsoft's chief: continued…