MICROSOFT HAS acquired LinkedIn for a whopping $26.2bn in one of the biggest deals in tech history.
Microsoft announced plans on Monday to take the professional social network under its wing, splurging $26.2bn in cash for the privilege. Either that, or the firm clicked the wrong button when trying to cancel a free trial.
Microsoft hasn't said much about the purchase, explaining only that it combines the "world's leading professional cloud" with the "world's leading professional network".
However, a blog post from LinkedIn CEO Jeff Weiner confirmed that LinkedIn's graph will, in the future, be "interwoven" through Microsoft's Windows, Skype, Calendar, Office and other products.
Microsoft CEO Satya Nadella said: "The LinkedIn team has grown a fantastic business centred 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 organisation on the planet."
Weiner will remain head of the company following the closing of the transaction, and said that it will help LinkedIn grow and become more embedded in people's lives.
"Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of its cloud and LinkedIn’s network, now gives us a chance to also change the way the world works," he said.
"Satya had me at independence. In other words, his vision was to operate LinkedIn as a fully independent entity within Microsoft, a model used with great success by companies like YouTube, Instagram and WhatsApp," he said.
Microsoft's acquisition of LinkedIn is set to close later this year, subject to approval from LinkedIn's shareholders. µ
'Some of us like the misery'
That'll surely affect its credit score