Microsoft came to an agreement with LinkedIn about acquisition. According to the agreement, Microsoft will acquire LinkedIn for $196 per share. Total amount of transaction will reach $26.2 billion.
It is said that Linkedin, as a social network for search of contacts and networking, will save its own brand, culture and remain independent.
Acquisition has been already approved by boards of directors of both companies. Deal is planned to be completed by the end of 2016 year after approval by LinkedIn shareholders and other necessary authorities.
LinkedIn started to work in 2003 year. For the end of 2015 year, it has more than 400 million of users.