Reports have confirmed that Microsoft has officially sealed its $26 Billion LinkedIn acquisition deal, officially making itself the owner of the popular social media platform. The agreement came six months after Microsoft declared its intention to acquire LinkedIn first made headlines.
Microsoft CEO makes his announcement
"Today is a very exciting occasion, one that we've been looking forward to since June. Today marks the close of the agreement of Microsoft acquiring LinkedIn, and the beginning of our journey to bring together the world's leading professional cloud, as well as the world's leading professional network," Microsoft CEO Satya Nadella said in a recent blog post.
LinkedIn CEO makes his announcement
"Today, I'm very pleased to announce that we have just officially closed the acquisition. I am more confident than ever that our recent move in joining forces with Microsoft will accelerate our mission to connect the world's professionals and make them more productive and successful than ever, and ultimately help develop economic opportunities for every member of the global workforce," LinkedIn CEO Jeff Weiner wrote in a recent blog.
New integrations between the two companies
The two firms, now joint as one, will now begin to integrate and collaborate their products and services. Nadella had already outlined a specific set of integration scenarios which are set to come to fruition in the near future. These would include features such as LinkedIn notifications within Windows action center, enabling users to draft resumes on Word when updating LinkedIn profiles and so much more.
Collaborating in a lot of areas
The integration process will also involve developing a business news desk across MSN and other properties, indicating the possibility of MSN advertisers possibly provided the opportunity to buy space on LinkedIn, which will boast 100 million strong monthly visitors, as per report. The two firms are also planning on working together for innovative technology purposes, which would include working on AI, cloud computing, machine learning and so much more.