![]() Read more: All the Apps Microsoft Has Bought Over the Past 2 Years “It was the latter point that first had me thinking we could make this work, but it was his thoughts on how we’d do it that got me truly excited about the prospect.” “The Microsoft that has evolved under Satya’s leadership is a more agile, innovative, open and purpose-driven company,” Weiner wrote. Weiner mentions Microsoft CEO Satya Nadella’s leadership as a driving factor. In an email to LinkedIn employees, LinkedIn CEO Jeff Weiner explained why he decided to sell the company to Microsoft. But - didn’t happen, so don’t spend a lot of time thinking about it.Microsoft announced Monday that it would acquire professional networking site LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion. “So, if we were still public and there was that deceleration, what kind of response would we have seen from the Street? How would that have impacted the company? How would that have impacted our talent? It’s hard to say. And then it started to meaningfully accelerate,” Weiner told CNBC. It was a couple of quarters later that it started to stabilize. “At the time of the close and shortly thereafter, at least for the first couple of quarters, our growth continued to decelerate. Under Microsoft, the company was able to focus on longer-term plans rather than the quarter-to-quarter performance as a public company. Weiner said that LinkedIn’s performance is ahead of plan for the past three years. And LinkedIn contributed $6.75 billion to Microsoft’s 2019 fiscal year revenue. ![]() LinkedIn now has 660 million users, which is up 52% since Microsoft acquired the company. “Satya has made good on every single thing we talked about prior to the acquisition,” added Weiner in the CNBC interview. LinkedIn co-founder Reid Hoffman was added to the Microsoft board of directors and Weiner reports directly to Nadella. Microsoft CFO Amy Hood pointed out that one of the goals of the LinkedIn acquisition was to accelerate the growth of the professional social network along with Office 365 and Dynamics 365.Īnd LinkedIn would be able to operate independently with Weiner as the head of the company. While speaking about the LinkedIn deal, Nadella acknowledged that the company will “learn from the past.” But Nadella is one of the executives who pushed for the aQuantive deal. And Microsoft also saw a quarterly loss in 2015 due to $8.3 billion in charges related to the restructuring of its phone hardware operations following the $9.5 billion acquisition of the Nokia Devices and Services business.īoth of the deals were signed by former Microsoft CEO Steve Ballmer. In 2012, Microsoft had written off the $6.2 billion acquisition of digital ad company aQuantive. Microsoft wants to avoid making integration mistakes that it made in the past. LinkedIn is Microsoft’s largest acquisition to date so it has to move with caution. One of the biggest reasons why Microsoft is taking its time on pushing integrations is to avoid making mistakes. Some of the integration ideas still in the pipeline include an “Intelligent Newsfeed,” which would draw information from Office apps as a way for managers to understand what projects employees are working on. “It’s a really powerful way to just stay in touch and to just understand who’s reaching out and what they’re up to,” said Weiner via CNBC. Through the email platform, he could access LinkedIn profile information from within the messages sent between them. In an interview with CNBC, LinkedIn chief executive officer Jeff Weiner pointed out that LinkedIn has been integrated into the Microsoft Outlook email service. Some of those ideas are already implemented, but others are still in the pipeline. At the time of the acquisition, Microsoft gave a presentation to investors about potential integrations between Microsoft and LinkedIn. This deal was made under the leadership of Microsoft CEO Satya Nadella. In June 2016, Microsoft announced it was buying LinkedIn for $26.2 billion. LinkedIn chief executive officer Jeff Weiner acknowledged that Satya Nadella “has made good” on the Microsoft’s acquisition of the professional social network.
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