linkedin stock price before microsoft offer

#Linkedin stock price before microsoft offer professional

(He had seen it swoon in February when LinkedIn shares plummeted 44% to $108.38 on Feb.

LinkedIn founder and chairman Reid Hoffman, who holds nearly 14.5 million shares in the company, saw his stake increase by about $1.1 billion to $2.8 billion. Several LinkedIn shareholders netted a healthy windfall Monday on the soaring stock price. LinkedIn shares ( LNKD) closed Monday up 47% to $192.26. Microsoft shares ( MSFT) were down 2.6% to $50.14. The acquisition of LinkedIn would be Microsoft's largest ever the deal values LinkedIn at $196 per share, representing a 49.5% premium over Friday's closing price. 'LinkedIn, with its profiles, groups and connections, is ideal.' In the enterprise market, Microsoft wants to create a new platform for work that makes it easier for employees to collaborate and get things done,' he said. After the deal, which will require approval from regulators in the US, the EU, Canada and Brazil, LinkedIn will become part of Microsoft's productivity and business processes unit, the companies said.Microsoft likely sees the potential of connecting its Office Graph intelligent workplace collaborative platform with LinkedIn's network, says TJ Kiett, a senior analyst with research firm Forrester. Microsoft said it would issue new debt to fund its acquisition. The deal, which won the unanimous support of both boards, is expected to close this year, the companies said. “It's a premium company and it deserves a premium valuation.” “I think, first of all, (LinkedIn) is a great business, even though the company stubbed their toe back in February,” said Ivan Feinseth, analyst at Tigress Financial Partners. The company's shares peaked in February 2016 but have since then lost almost half their value after a tepid 2016 forecast. LinkedIn made a spectacular IPO in May 2011- the biggest since Google went public in 2004. Microsoft plans to speed-up monetisation of LinkedIn by growing individual and organisation subscriptions as well as targeted advertising. “In essence, we can reinvent ways to make professionals more productive while at the same time reinventing selling, marketing and talent management business processes.”

#Linkedin stock price before microsoft offer professional

This deal is the next step forward for Office 365 and Dynamics as they connect to the world’s largest and most valuable professional network,” wrote Nadella. “Over the past decade, we have moved Office to a set of productivity tools to a cloud service across any platform and device. In his memo, Nadella described the deal as the “next step forward” for Microsoft Office. My belief is that the acquisition is not just about a social networking play and has a much wider fit into the enterprise piece,” said Jaideep Mehta, Managing Director - IDC India and South Asia. He has been pivoting on cloud, internet services and making Microsoft into a21st century business and what better community than LinkedIn to take it forward. “The deal continues the soft revolution that Satya Nadella has been driving since he took over as CEO. Sales and marketing is headquartered in Gurgaon while research and technical support centres are based in Bengaluru. Its main campus in Hyderabad houses research and development, IT, and global services. Microsoft has offices at nine locations across India. LinkedIn currently has over 650 employees in India and a user base of over 35 million, LinkedIn co-founder Allen Blue said in a recent interview with ET. In India, the acquisition is likely to put the spotlight on the professional network’s operations here, where it launched a tech centre in India in June. “Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn’s network, now gives us a chance to also change the way the world works,” Weiner said in the statement. LinkedIn isn’t an obvious fit in the ongoing restructuring, but gives Microsoft the biggest global social network for professionals that’s used by job seekers, recruiters and human resources teams. The offer values LinkedIn about 91 times earnings before interest, taxes, depreciation and amortisation, according to data compiled by Bloomberg. LinkedIn will retain its brand, culture and independence and Jeff Weiner will remain the chief executive officer, Microsoft said in a statement on Monday.