Careers Network: Microsoft buys LinkedIn for $ 26 billion – Tagesspiegel

Microsoft buys LinkedIn. The major competitor of the Hamburg party and Germany market leader Xing will thereby evaluated a total 26.2 billion dollars (23.3 billion euros), both companies announced at Microsoft’s headquarters in Redmond near Seattle on Monday. Specifically, Microsoft features 169 dollars per share, which represents a premium of 65 dollars at the closing price on Friday. The stock shot in the minutes after the market launch in New York by more than 47 percent in the air.

The brand, corporate culture and independence of LinkedIn should not be affected by the deal, the report said. Jess Weiner should also continue to lead the 4800 employees of the company of Mountain View in California. He will continue to report to Microsoft CEO Satya Nadella. The plan will support LinkedIns main shareholder and co-founder Reid Hoffman, it said. The boards of directors of both companies have already given their consent.

The Career Network was founded in 2003 has grown to the information judged by Monday of each year by an average of 19 percent and now has around 433 million users. 105 million of which would use the service at least once a month. LinkedIn is represented in virtually every country in the world. Elders reportedly about six million users are registered in the German-speaking countries, which is around two million less than the local competitor Xing. In the Communication, the company is referred to as “the greatest and most valuable resource for professionals”. Currently stood more than seven million jobs for mediation ready.

Nadella explained the team LinkedIn have built a “fantastic company”. “Together we can accelerate growth.” The office software Office 365 and Dynamics will grow with the purchase -. “Because we want to equip every person and every company in the world so that”

After the way how to take opportunities in the world have changed, informed LinkedIn CEO Weiner, would the partnership with Microsoft now has a chance to change the nature of the work world. Weiner pointed to Microsoft’s cloud solutions combined with LinkedIns network.

Now, a little pathos in the US is good form in such communications. Nevertheless, the assessment does not seem exaggerated. The Microsoft Group had indeed slept in recent years some development – about the trend from simple mobile for smartphone – but is also the manufacturer of the world’s leading computer operating system Windows. And LinkedIn is internationally significantly larger than Xing, the network that connects this country more users. Last LinkedIn had continues to struggle with a data leakage and customer time. Million users were prompted to change their passwords.

At the same time LinkedIn boasts that 29 of the 30 listed in the DAX corporations would use the platform for recruitment and advertising. It is assumed that 30 of the 30 DAX companies use products from Microsoft.