In an official press release, Microsoft today announced that it will be buying LinkedIn Corp. for $26 Billion. This comes after Microsoft shares were temporarily halted for trading today. LinkedIn Corp. shares sky rocketed by 50% when the news broke. Microsoft would pay around $196 per share, a steep price premium from what they were trading at before the news was announced.
Microsoft is acquiring the business as a possible addition to Office 365. The company will remain independent from Microsoft, with CEO Jeff Wiener reporting directly to Microsoft CEO Satya Nadella.
Source: Microsoft
Dreyer was a regular ICXM contributor between 2016–2017, publishing 139 articles across opinion pieces, game reviews, Windows and PC, and Xbox news. Their work focused on hands-on reviews, platform commentary, and breaking-news reporting during the Xbox One X launch year and Microsoft’s wider Play Anywhere / UWP gaming initiative. They post on X as @dreyer_smit.