Satya and Jeff get Linked: Microsoft Goes Social

Microsoft plans to drive sales of its products and services through social media.

Times of India reports that Microsoft today announced that it is acquiring LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn's net cash. Jeff Weiner will remain CEO of LinkedIn, and he will report directly to Microsoft CEO Satya Nadella. "The LinkedIn team has grown a fantastic business centered on connecting the world's professionals. 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," said Nadella.

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