Microsoft to Buy LinkedIn for $26.2 Billion
Microsoft today said it has agreed to acquire LinkedIn for $26.2 billion. LinkedIn is well known as a professional networking and employment resource for companies and job seekers alike. Under the terms of the deal, LinkedIn will retain is brand, culture, and management team, and it will be operated as a separate company. LinkedIn CEO Jeff Weiner will report directly to Microsoft CEO Satya Nadella. The transaction has been approved by the boards of both companies, but still has to win approval from shareholders. Microsoft and LinkedIn expect the deal, which will require regulatory review, to close before the end of 2016.
Microsoft's Garage Team Brings News Pro App to iPhone
Microsoft has released News Pro for iOS devices, a news- and article-aggrating app that delivers "hyper-relevant" news to users based on their interests. In the same vein as Apple News, Pro News from Microsoft allows users to select from more than one million topics to receive catered results.
EU Approves Microsoft's LinkedIn Acquisition
The European Union today approved Microsoft's proposed $26.2 billion purchase of LinkedIn. The Union set several conditions in allowing Microsoft to proceed.
Yahoo's Contact Cards Gain LinkedIn and Twitter
Yahoo today made it possible for Yahoo Mail users to add LinkedIn and Twitter profile details to their contact cards. Yahoo says contact cards can now show up-to-date work contact information and photos from LinkedIn, as well as recent Tweets from contacts who are active on Twitter.
Nokia to Buy Alcatel-Lucent, Mulling Options for HERE Maps
Nokia today said it has agreed to acquire Alcatel-Lucent for $16.6 billion. The combined companies would be a giant in the telecom equipment space with more than 100,000 employees.