We have the same mission and vision we have the same culture and values and I'm still the CEO of LinkedIn." "In terms of everything else, it should be business as usual. "The one exception: For those members of the team whose jobs are entirely focused on maintaining LinkedIn's status as a publicly traded company, we'll be helping you find your next play," Weiner said. In a statement to LinkedIn employees, Weiner said "little is expected to change" and employees will have the same titles and managers. "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." "The LinkedIn team has grown a fantastic business centered on connecting the world's professionals," Nadella said in a statement. The acquisition is still subject to approval by LinkedIn shareholders and regulators. The deal was unanimously approved by both companies' boards, and is expected to close by the end of the year.
:max_bytes(150000):strip_icc()/btg-0b0b2ddbd02e40d5b6ce0194e219324a.png "linkedin stock buy")
Jeff Weiner will stay on as CEO of LinkedIn and will report to Microsoft CEO Satya Nadella. Standard & Poor's though, reaffirmed its "AAA" rating, and said it maintains all other ratings and a "stable outlook" on the company. Moody's Investors Service placed Microsoft's "AAA" rating under review for downgrade following the deal announcement. Trading in Microsoft had been halted briefly for news pending before the announcement of the all-cash deal. Shares of LinkedIn surged 47 percent after the announcement to near $193, while Microsoft's stock was down 3.2 percent.
#Linkedin stock buy professional
Microsoft announced a $26.2 billion deal on Monday to acquire professional social platform LinkedIn for $196 per share.
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