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Investors React As Microsoft (MSFT) Buys LinkedIn (LNKD)
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Shares of LinkedIn soared over 45% in early morning trading Monday following the news that the company has been purchased by Microsoft (MSFT - Free Report) . The software giant will pay $26.2 billion in an all-cash deal for LinkedIn, well above the professional social media site’s market cap of $15.5 billion.
“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,” said Microsoft CEO Satya Nadella in a press release.
The deal was unanimously voted for by the Board of Directors of both companies, and it is expected to be finalized by the end of the calendar year pending the approval of LinkedIn’s shareholders and the appropriate regulatory bodies.
As for now, it’s not entirely clear what Microsoft will use LinkedIn for. The social site’s nearly 450 million members will certainly provide a treasure chest of useful information for Microsoft, which has clearly declared an interest in expanding its enterprise offerings.
We do know that Microsoft plans on keeping LinkedIn CEO Jeff Weiner in the same position, and it will be interesting to watch how to rest of the reorganization works out.
As one would expect with such a massive deal, the social media world was in an uproar Monday morning. We kept our eye on StockTwits and Twitter to try and feel the pulse of the investment world following this massive news.
Many investors were frustrated with the news and thought that Microsoft overpaid or LinkedIn suckered out:
$MSFT way way over paying for this deal thats being done near a market peak and a weak jobs market thats slowing down even more
What do you think about this deal? Join the conversation by mentioning us at ZacksResearch on StockTwits and Twitter!
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Investors React As Microsoft (MSFT) Buys LinkedIn (LNKD)
Shares of LinkedIn soared over 45% in early morning trading Monday following the news that the company has been purchased by Microsoft (MSFT - Free Report) . The software giant will pay $26.2 billion in an all-cash deal for LinkedIn, well above the professional social media site’s market cap of $15.5 billion.
“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,” said Microsoft CEO Satya Nadella in a press release.
The deal was unanimously voted for by the Board of Directors of both companies, and it is expected to be finalized by the end of the calendar year pending the approval of LinkedIn’s shareholders and the appropriate regulatory bodies.
LINKEDIN CORP-A Price
LINKEDIN CORP-A Price | LINKEDIN CORP-A Quote
As for now, it’s not entirely clear what Microsoft will use LinkedIn for. The social site’s nearly 450 million members will certainly provide a treasure chest of useful information for Microsoft, which has clearly declared an interest in expanding its enterprise offerings.
We do know that Microsoft plans on keeping LinkedIn CEO Jeff Weiner in the same position, and it will be interesting to watch how to rest of the reorganization works out.
As one would expect with such a massive deal, the social media world was in an uproar Monday morning. We kept our eye on StockTwits and Twitter to try and feel the pulse of the investment world following this massive news.
Many investors were frustrated with the news and thought that Microsoft overpaid or LinkedIn suckered out:
On the other hand, some investors thought the deal was a good bit of business for both companies:
What do you think about this deal? Join the conversation by mentioning us at ZacksResearch on StockTwits and Twitter!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>