Monday, June 13, 2016

Microsoft to Buy LinkedIn

Microsoft has announced that it will acquire LinkedIn for $26.2 billion in cash.

The price translates into $196 per LinkedIn share, a 50% premium to LinkedIn’s closing price on Friday.

Thank you, Janet Yellen. This is not what a recession looks like.

LinkedIn reported $2.99 billion in revenue for 2015.

  -RW

5 comments:

  1. I don't understand how a company can justify this type of purchase. What's the strategy?

    ReplyDelete
    Replies
    1. making people forget MS future was mobile, now its business social media.

      Delete
  2. Microsoft must be convinced LinkedIn possesses the Glengarry leads. :-)

    ReplyDelete
  3. Over paying to buy internet companies didn't stop even in the darkest depths of recession. Ms. Yellen and predecessors have continually made that possible.

    ReplyDelete