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Software-giant Microsoft has revealed its plans to acquire LinkedIn for a whopping 26 billion dollars. The all cash transaction will be completed this year. LinkedIn will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft.
Microsoft’s CEO, Satya Nadella sees LinkedIn as the world’s largest professional network. Hence willing to bet $26 billion on it. However, he seems to have missed the fact that nobody actually uses LinkedIn. For a website that loses millions every year, Microsoft is literally throwing away money. Nadella is probably the Indian who does not know how to bargain.
Since Nadella comes from Microsoft’s cloud department, he has plans to shove some “cloud” computing in LinkedIn. Similar to how he is pushing for cloud even on Microsoft’s gaming platform such as the Xbox.