The company said that LinkedIn will continue to operate as usual. Jeff Weiner will remain CEO of LinkedIn, reporting to Microsoft CEO Satya Nadella. The transaction is expected to close by the end of 2016.
Microsoft has acquired a number of businesses since Satya Nadella took up the role of CEO at the company, but this is the first major deal he’s signed in this position.
The LinkedIn CEO Jeff Weiner who still retain his position said:
Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn’s network, now gives us a chance to also change the way the world works.
For the last 13 years, we’ve been uniquely positioned to connect professionals to make them more productive and successful, and I’m looking forward to leading our team through the next chapter of our story
It’ll be amazing to see Microsoft begins integrating LinkedIn’s social networking and job listing and search capabilities into its software and online services.