The transaction has been unanimously approved by the Boards of Directors of both LinkedIn and Microsoft. “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,” Weiner said. “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.” “Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet.” “The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” Nadella said. 101 percent growth YOY to more than 7 million active job listings.34 percent growth YOY to more than 45 billion quarterly member page views.49 percent growth YOY to 60 percent mobile usage.9 percent growth YOY to more than 105 million unique visiting members per month.

19 percent growth year over year (YOY) to more than 433 million members worldwide.

Over the past year, the company has launched a new version of its mobile app that has led to increased member engagement enhanced the LinkedIn newsfeed to deliver better business insights acquired a leading online learning platform called to enter a new market and rolled out a new version of its Recruiter product to its enterprise customers. These innovations have resulted in increased membership, engagement and financial results, specifically: LinkedIn is the world’s largest and most valuable professional network and continues to build a strong and growing business. The transaction is expected to close this calendar year. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. LinkedIn will retain its distinct brand, culture and independence.

(Nasdaq: MSFT) and LinkedIn Corporation (NYSE: LNKD) on Monday announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash.

Amy hood linkedin