Microsoft to buy LinkedIn
Even though LinkedIn have been involved in one of the biggest breaches in the internet's history, and they're also responsible for seemingly endless unsolicited messages pestering you about everything, even if you've deleted your account... it seems Microsoft see some value in it.
In a surprising move, Microsoft have thrown a whopping $26.2 billion (or £18.3bn if you prefer) at LinkedIn, in cash.
In a statement, we're assured that LinkedIn will "retain its distinct brand, culture and independence".
If you've never used LinkedIn, and would like to know what it is, it has 430 million users and is mainly made up of people's CVs. Basically, it's the Facebook for people looking for a job.
It can be useful, but it is incredibly boring.
In a joint statement, both companies think that this deal will be closed within the year.
"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," said LinkedIn boss, Jeff Weiner.
TOPICS: Social Media