On November 7th, the EU officially approved Microsoft's acquisition of the social networking site LinkedIn, and the transaction between the two parties will be completed in the near future.
Today, Microsoft announced that it has officially completed the acquisition of the LinkedIn transaction. The purchase price of this transaction is as high as 26.2 billion US dollars (about 180 billion yuan).
After the acquisition, Microsoft will continue to retain the LinkedIn brand, culture and independence, Jeff Weiner will continue to serve as CEO of LinkedIn, reporting to Microsoft CEO Satya Nadell.
In accordance with the anti-monopoly requirements previously proposed by the European Union, in the five years after the completion of the merger transaction, Microsoft will allow other professional social networking sites to use its Office programs, and give PC manufacturers the option to pre-install LinkedIn applications on the desktop.
Microsoft announced the acquisition of LinkedIn about six months ago. In an internal memo, LinkedIn CEO Jeff Weiner outlines the areas in which the two companies can work together and how they will continue to be independent in other areas.
“This is an important milestone for us, and we believe this will accelerate our process of connecting the world's professionals to make them more productive and successful,†Wiener said earlier today.
The deal is one of the largest acquisitions in the technology industry in history and the largest acquisition by Microsoft. With 400 million registered users, LinkedIn is the world's largest professional social networking site. Users use LinkedIn to connect with others in the industry and use them to find jobs and recruit talent.
Microsoft hopes to connect to the world's vision with LinkedIn's vast user base, and even want to reshape social media and gain insight into the future business economy.
The future is an era of Internet of Everything. LinkedIn has a large user base on a global scale. In the era of connecting everything, users are the most basic link, whether it is a foreign Facebook or a domestic social network represented by QQ or WeChat. They build new business value on top of a large user base and even want to connect the world. For the rise of social networks such as facebook, Microsoft has had to reorganize the social platform to connect everything and compete for opportunities in the future era of Internet of Everything.
Nadella once said that Microsoft's future strategy has expressed that it will pursue the strategy of 'mobile first, cloud first', and build the world's best platform and productivity services. Then with the massive deployment of Windows 10 for cross-platform, Microsoft hopes that the launch of win10 is everywhere, thereby connecting people and various devices, services and scenarios. As LinkedIn, its user account is a wise move to access Microsoft applications and services. It is also in line with Microsoft Mobile's future development strategy, which will spread Microsoft's services to every device, including tablets and mobile phones.
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