Microsoft buys LinkedIn for $26.2 billion

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Microsoft to buy LinkedIn for $26.2 billion

Microsoft is buying LinkedIn for $26.2 billion, the company announced on Monday.

Microsoft will pay $196 per share for the company.

LinkedIn CEO Jeff Weiner will remain CEO of the professional social network, and will report directly to Microsoft CEO Satya Nadella.

Under the terms of the acquisition, LinkedIn will maintain its "distinct brand, culture, and independence," and Microsoft says LinkedIn cofounder and chairman of the board Reid Hoffman and Weiner "both fully support" the purchase.

The deal is expected to be completed this calendar year.

LinkedIn shares jumped 48% following the news in pre-market trading. Microsoft shares, which were halted in pre-market trading pending the news, have since re-opened and fallen as much as 5.2%.

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Nadella announced the news to Microsoft employees in an email Monday morning, which you can read here. LinkedIn CEO Jeff Weiner also sent an email to staff, which you can read here.

Integrating LinkedIn into existing Microsoft software

"This deal brings together the world's leading professional cloud with the world's leading professional network," Nadella wrote in the email. "I have been learning about LinkedIn for some time while also reflecting on how networks can truly differentiate cloud services. It's clear to me that the LinkedIn team has grown a fantastic business and an impressive network of more than 433 million professionals."

Nadella went on to mention how Microsoft's Office software suite could be combined with LinkedIn's network in the future, such as the ability for Microsoft to serve up suggestions for a specialized expert through LinkedIn when its software recognizes you're trying to complete a specific task.

"We are in pursuit of a common mission centered on empowering people and organizations. Along with the new growth in our Office 365 commercial and Dynamics businesses this deal is key to our bold ambition to reinvent productivity and business processes. Think about it: How people find jobs, build skills, sell, market and get work done and ultimately find success requires a connected professional world. It requires a vibrant network that brings together a professional's information in LinkedIn's public network with the information in Office 365 and Dynamics. This combination will make it possible for new experiences such as a LinkedIn newsfeed that serves up articles based on the project you are working on and Office suggesting an expert to connect with via LinkedIn to help with a task you're trying to complete. As these experiences get more intelligent and delightful, the LinkedIn and Office 365 engagement will grow. And in turn, new opportunities will be created for monetization through individual and organization subscriptions and targeted advertising."

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PHOTOS: LinkedIn shows off new office in San Francisco

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LinkedIn shows off new office in San Francisco
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Microsoft buys LinkedIn for $26.2 billion

Here's the skyscraper. The San Francisco Chronicle's architecture writer panned it, saying it looked as if it was "designed and built by New Yorkers" and comparing it to Darth Vader. But that seems a little extreme. It's a skyscraper. It's reflective and black. It looks kind of cool, if a little imposing.

Photo courtesy: Tony Chung, LinkedIn

Walk inside and the lobby is gorgeous. It's a public space, open to anybody.

Photo courtesy: Tony Chung, LinkedIn

It's covered in beautiful wood.

Photo courtesy: Tony Chung, LinkedIn

Here's the second-floor entry. This view makes it seem as if you're looking through a glass window with words on it, but that's an illusion.

Photo courtesy: Tony Chung, LinkedIn

It becomes clearer as you walk down the hall.

Photo courtesy: Tony Chung, LinkedIn

See, it's on the wall. Message received. FOCUS!

Photo courtesy: Tony Chung, LinkedIn

The third-floor cafeteria is lovely.

Photo courtesy: Tony Chung, LinkedIn

Here's a list of all the sources where the cafeteria gets its food. It's a little like a "Portlandia" sketch, but on the other hand it's nice to know where your food is coming from. It's not made in a factory somewhere.

Photo courtesy: Tony Chung, LinkedIn

There are also signs reminding employees to be conscious about wasting food and the water that produces that food.

Photo courtesy: Tony Chung, LinkedIn

There's also a fitness center, which is a nice perk though not uncommon in big tech companies these days.

Photo courtesy: Tony Chung, LinkedIn

You get a nice view as you work out.

Photo courtesy: Tony Chung, LinkedIn

This kitchen would make me think of Coldplay every time I entered it.

Photo courtesy: Tony Chung, LinkedIn

Here's a vending machine if you need new gear to do your job. We've seen these at Facebook also, but the screen in the middle of the LinkedIn logo is a nice touch.

Photo courtesy: Tony Chung, LinkedIn

Employees can play a game of cornhole to blow off steam.

Photo courtesy: Tony Chung, LinkedIn

Now we start getting into the really unusual stuff. Each floor has something called a "staff wall" that encourages employees to interact with one another. Here's one that lets them fill in words like Mad Libs.

Photo courtesy: Tony Chung, LinkedIn

A giant backgammon board.

Photo courtesy: Tony Chung, LinkedIn

Employees can borrow any of the books here. LinkedIn stocked these, but the company is hoping that over time it will turn into a lending library.

Photo courtesy: Tony Chung, LinkedIn

This one is on the fourth floor, which has a theme of "Obscure San Francisco Parks." Employees are encouraged to post pictures of themselves in parks, but it's being used for all kinds of random snapshots.

Photo courtesy: Tony Chung, LinkedIn

Here's a gigantic maze.

Photo courtesy: Tony Chung, LinkedIn

This is on the 12th floor, which has a theme of "Video games set in San Francisco." Employees are encouraged to take a picture of themselves dressed as a video game character -- cameras are provided and costumes encouraged -- then post it with info about characteristics like their humor, endurance, and so on.

Photo courtesy: Tony Chung, LinkedIn

There's also a wall commemorating the games themselves.

Photo courtesy: Tony Chung, LinkedIn

Another wall is full of video game controllers.

Photo courtesy: Tony Chung, LinkedIn

Here's a bin of fortune cookies, with a bulletin board for the fortunes.

Photo courtesy: Tony Chung, LinkedIn

Post your own haiku.

Photo courtesy: Tony Chung, LinkedIn

Here's a silent disco -- a bunch of people can listen to the same song and groove together without disrupting the office. Uber had a whole holiday party based on this concept last year.

Photo courtesy: Tony Chung, LinkedIn

Here is a map inviting employees to share where they have traveled, where they were born, and so on.

Photo courtesy: Tony Chung, LinkedIn

This display is on the fifth floor, which has the theme "San Francisco Coffee Roasters." Employees are supposed to place their mug shots in the ... mugs.

Photo courtesy: Tony Chung, LinkedIn

Here you can "create your avatar" by using dry-erase pens to add personal touches to the avatars on the wall.

Photo courtesy: Tony Chung, LinkedIn

Best of all: a roof deck to soak in the California sun.

Photo courtesy: Tony Chung, LinkedIn

Here's the view toward downtown San Francisco. We're watching you, LinkedIn.

Photo courtesy: Tony Chung, LinkedIn

Lastly, a view the other way, toward the bay.

Photo courtesy: Tony Chung, LinkedIn

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Now, check out the best selling books on Amazon of 2016 so far:

21 PHOTOS
Best selling books on Amazon of 2016 so far
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Microsoft buys LinkedIn for $26.2 billion
Harry Potter and the Cursed Child - Parts One & Two by J.K. Rowling, John Tiffany & Jack Thorne, $17.99

StrengthsFinder 2.0 by Tom Rath, $15.29

The Life-Changing Magic of Tidying Up by Marie Kondo, $10.56
When Breath Becomes Air by Paul Kalanithi, $15.00
The Whole30: The 30-Day Guide to Total Health and Food Freedom by Melissa Hartwig & Dallas Hartwig, $18.00
How to Win Friends and Influence People by Dale Carnegie, $9.04

Mindset: The New Psychology of Success by Carol S. Dweck, $9.60

To Kill A Mockingbird by Harper Lee, $6.79

Me Before You by Jojo Moyes, $6.77
Oh, The Places You'll Go! by Dr. Seuss, $10.00

Calm the F*uck Down by Sasha O'Hara, $8.11

First 100 Words by Roger Priddy, $3.97
Between the World and Me by Ta-Nehisi Coates, $14.40
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