Microsoft buys LinkedIn professional social network for $26 Billion
Monday, June 13, 2016 at 12:46PM 
Microsoft just bought LinkedIn in a bombshell deal for an all-cash transaction valued at $26.2 billion inclusive of LinkedIn's net cash. LinkedIn will retain its distinct brand, culture and independence while Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. LinkedIn is the world's largest and most valuable professional network and continues to build a strong and growing business.
Founded in 2002, LinkedIn is the world’s largest professional network on the Internet with more than 433 million members in over 200 countries and territories. It currently offers free as well as paid membership options that allows people to connect with business contacts as well as seek employment. What does Microsoft, a services and devices company, want with a social network whose growth has been somewhat quastionable of late?