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- 2017-12-10
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Microsoft sent a request to LinkedIn to be a part of its network and LinkedIn said yes. Microsoft is buying the business social networking giant for more than $26bn. It's an interesting deal, remember that Microsoft bought Skype as well, another deal meant to increase communications at a cooperate level.
Will LinkedIn pay off for Microsoft though? You might remember that LinkedIn stock fell nearly 50 percent in one day back in February after the company announced its latest earnings could not be up to what the wall street has been expecting, guidance could not be fantastic either, some might argue Microsoft getting Linkedin on the cheap although, at its stock price, LinkedIn is now slightly higher than where it was before the earnings warning. What does this mean for the rest of the social media, of course everyone is trying to be Facebook, not very successfully. Interestingly though, two other social network companies are really that similar to LinkedIn. Both rallied on this news, maybe expectations that they two could get acquired.
Twitter and Yelp, not sure either of them make the most senses, are taken over the candidate for Microsoft, obviously now spending money on LinkedIn, but keep an eye on those two for other tech upwords |
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