In one of the biggest tech M&A plays in recent history, Microsoft has announced its plans to acquire enterprise social media platform LinkedIn for $26.2 billion in cash. With approval by both boards already locked in, this just needs to get through regulatory and a few other approvals to finalize. LinkedIn will keep its branding and we shouldn’t expect any major changes to take place to the platform as it is now, but it will become a part of Microsoft’s productivity and businesses processes segment which means a lot more enterprises services will be on the horizon with a lot more reach around social media and professional content.
Jeff Weiner will remain CEO of LinkedIn as reports to Satya Nadella, CEO of Microsoft. Learn more on the acquisition here.