Microsoft is set to acquire LinkedIn, the social network for professionals, for $26.2 billion in an all-cash transaction.
The company said that LinkedIn will continue to operate as usual. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. The transaction is expected to close by the end of 2016.
Read the full story here http://thenextweb.com/2016/06/13/microsoft-acquires-linkedin-26b/