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Microsoft makes the 3rd biggest tech acquisition in history as it pays $26.2 billion for LinkedIn, a deal Microsoft hopes will bring together the cloud and the professional social network.
“The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” CEO Satya Nadella says. “Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organisation on the planet.”
Post-acquisition LinkedIn will retain significant autonomy under current CEO Jeff Weiner, an arrangement similar to what was given to Minecraft developer Mojang.
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