Social media and Tech Updates


Microsoft has acquired social networking site LinkedIn for $26.2 billion

Tech giant corporation Microsoft has announced its acquisition plan of largest professional network LinkedIn for $26.2 billion. Which is biggest acquisition in the field of social networking after Facebook's acquisition of whatsapp for $19 billion.

Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. LinkedIn will retain its distinct brand and Jeff Weiner will remain the CEO of LinkedIn and he will report to Microsoft CEO Satya Nadella.

LinkedIn was founded in December 14, 2002 and launched on May 5, 2003, currently LinkedIn has 433 million members worldwide and 105 million unique visiting members per month.

Over the past year, the company has introduced a new version of its mobile app, enhanced newsfeed; and company acquired a leading online learning platform called for $1.5 billion to enter a new market; and rolled out a new version of its Recruiter product to its enterprise customers.

How large LinkedIn is ?

More than 433 million members worldwide (19 percent growth year over year)
105 million unique visiting members per month
60 percent mobile usage
45 billion quarterly member page views
7 million active job listings

“The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” Nadella said. “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.”

Microsoft and LinkedIn will host a joint conference call with investors on June 13, 2016, at 8:45 a.m. Pacific Time/11:45 a.m. Eastern Time to discuss this transaction. The call will be available via webcast at

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