Microsoft plans to expand its position in companies with multi-billion dollar purchase of the career-network Linkedin. The much larger competitor the German supplier Xing will thereby evaluated a total 26.2 billion dollars the companies announced on Monday. This amount includes the cash reserves of Linkedin are included.
Microsoft offers $ 196 per share. This is a rich supplement to the closing price of $ 131.08 on Friday. Compared to rates in the past year however, it is still a kind of bargain: The stock had temporarily trading above $ 260
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Linkedin users will be able to introduce in professional profiles, look for new jobs out and communicate with other members. Companies use the portal to search for employees. In the first quarter of 2016, the global number of users rose from 414 to 433 million.
In the German speaking Linkedin crossed the mark of eight million members, offers for the recruitment are used by 29 of the 30 DAX companies. Xing has in Germany, Austria and Switzerland over ten million members – but is largely limited on this region
Nadella leads Microsoft in February 2014 and gave the company a new course.. Traditional lived Microsoft primarily on Windows software for PCs and its Office Office programs for sale. However, with the shrinking of the PC market, the money machine Windows has become less reliable. And for Office there are cheap competition, among others, Google and other vendors that have mobile devices in their sights. Nadella relies on subscriptions rather than buying software and gave the goal of making online services from Microsoft available on all platforms -. So, for example, also on Apple’s iPhones and iPads and devices with the Google system Android
Linkedin, launched in 2003, is one of the veterans among the online services. The company is listed on the stock market since the spring of 2011th The career network should retain its brand and operate independently under the umbrella of the Microsoft group of companies. Linkedin CEO Jeff Weiner will keep his job and report directly to Nadella.
Linkedin has been using data analysis to help with recruitment. Recently, the integrated blog platform was important to publish on the well-known entrepreneurs such as Virgin founder Richard Branson products.
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