Microsoft has confirmed it is ready to buy the professional social network LinkedIn for $26.2 billion in cash, a move that helps refocus the US tech giant around cloud computing and services.
“This deal brings together the world’s leading professional cloud with the world’s leading professional network,” Microsoft chief executive Satya Nadella said in a statement.
The two firms said they had reached a “definitive” agreement that would close later this year, with the support of LinkedIn chairman and controlling shareholder Reid Hoffman. The move comes with Microsoft moving away from being a pure software firm, and LinkedIn seeking ways to boost growth.
and endorsements and recommendations from colleagues, will be visible
not just in LinkedIn but also in Microsoft’s Outlook, Skype and Office.
will be able to provide articles about projects the member is pursuing.
Then, through Office, it will be able to suggest experts reachable
through LinkedIn to assist with the task. The feed will incorporate the
member’s calendar too.
LinkedIn professional network, for example informing you that you went
to the same school as someone you’re meeting with later that day.
connect to LinkedIn Sales Navigator, which uses LinkedIn’s member
network to help salespeople build relationships.
spends time with and collaborates with whom, providing insight into
their workers’ productivity.
recommending and providing learning in the workplace. LinkedIn bought
leading online-learning site Lynda.com in April 2015 for $1.5 billion.