LISTEN LIVE KPR - On Air: Listen Live to classical, jazz and NPR news Schedule LATEST
KPR 2 - On Air: Listen live to KPR's all talk-radio service, KPR2 Recordings

Share this page              

Microsoft To Buy LinkedIn For $26.2 Billion In Cash

Microsoft is making a massive bet on professional social networking: It has reached an agreement to buy LinkedIn for $26.2 billion, in what would be one of the largest tech industry deals in history.

Viewed one way, the deal is effectively a bet on a new kind of professional workplace, where Microsoft's Office 365 and other "productivity and business processes" products merge with the largest professional social network.

"In essence, we can reinvent ways to make professionals more productive while at the same time reinventing selling, marketing and talent management business processes," Microsoft CEO Satya Nadella said in a memo to employees.

"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," Nadella wrote.

LinkedIn CEO Jeff Weiner echoed that idea, saying the deal will help the company continue to "connect professionals to make them more productive and successful." The company says it has more than 433 million subscribers and 105 million unique visiting members a month.

Microsoft has agreed to pay $196 per share to acquire the professional networking service, which adds up to $26.2 billion — or to put it in terms runners will understand, roughly $1 billion for each mile of a marathon.

The companies say that both of their boards of directors have unanimously approved the deal, and that it's slated to close this year. LinkedIn will remain an independent brand, with Weiner as CEO.

Microsoft says it will finance the deal primarily by issuing new debt.

Microsoft's previous large acquisitions were a mixed bag of success. The company spent $8.5 billion to buy Skype in 2011, which has become an integral part of its offerings. Microsoft's $7.2 billion acquisition of Nokia's phone assets has been an expensive flop. Both deals happened under previous CEO Steve Ballmer.

LinkedIn's most recent deal was an acquisition of an online learning company, Lynda, for $1.5 billion.

NPR's Aarti Shahani contributed to this report.

Copyright 2016 NPR. To see more, visit

Tower Frequencies

91.5 FM KANU Lawrence, Topeka, Kansas City
89.7 FM KANH Emporia
99.5 FM K258BT Manhattan
97.9 FM K250AY Manhattan (KPR2)
91.3 FM  KANV Junction City, Olsburg
89.9 FM K210CR Atchison
90.3 FM KANQ Chanute
96.1 FM K241AR Lawrence (KPR2)

See the Coverage Map for more details

Contact Us

Kansas Public Radio
1120 West 11th Street
Lawrence, KS 66044
Download Map
785-864-4530 (Main Line)
888-577-5268 (Toll Free)