Finally, one of these giant companies is putting their money to work, in favor of moronic share buybacks. I love this deal.
Congrats to both MSFT and LNKD longs.
Microsoft has agreed to acquire LNKD for $196 per share, or $26.2bill, in an all cash transaction. The CEO of LNKD will remain onboard running the company.
The stock is higher by almost 50% on the deal.
If it was TWO POINT SIX BILLION, it would make sense.
Agreed…finally. I like the bawlzy move by Satya Nadella!
“Massively scaling the reach and engagement of LinkedIn by using the network to power the social and identity layers of Microsoft’s ecosystem of over one billion customers. Think about things like LinkedIn’s graph interwoven throughout Outlook, Calendar, Active Directory, Office, Windows, Skype, Dynamics, Cortana, Bing and more.”
Source: https://www.linkedin.com/pulse/linkedin-microsoft-changing-way-world-works-jeff-weiner?publis
Clippy365: “Good morning, $MS banker! I see you’re working on a $MSFT merger with $LNKD! Would you like some help from your colleagues at $GS?”
Source: My cynical imagination.