Thursday, 8 December 2016

Microsoft is officially the proud owner of LinkedIn

The technology giant closes its $ 26.2 billion acquisition of the social business network.

It's been a long time since Microsoft is the official owner of LinkedIn.

 The two companies said Thursday that their acquisition contract had closed. It's been six months since the news broke that Microsoft was planning to throw down $ 26.2 billion for the corporate social network - its biggest ever acquisition.

"I am more confident than ever that our commitment to join forces with Microsoft will accelerate our mission to connect the world's professionals to make them more productive and ultimately help create economic opportunities for all members of the world-wide workforce," writes LinkedIn. CEO Jeff Weiner in a blog post.

For Microsoft, the LinkedIn contract is continuing its plan to become a critical provider for cloud-based service companies, including its 365 office. Both companies said they plan to work together on artificial intelligence, learning, cloud, devices and more.

 As for the users, Weiner said LinkedIn will remain essentially unchanged. I have added that over the next few months, the social network will share more about how it integrates its services with Microsoft products.

The European Union gave its blessing to the agreement on Tuesday, which led to the official closure of the acquisition. Microsoft has applied for regulatory approval from the governments of the United States, Canada, Brazil and the EU, which all approved the agreement.

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