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.
T-Mobile and Sprint Agree to Merge and Unite Under T-Mobile Brand and Leadership
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Samsung Looks to Redefine Corporate Culture
Mar 24, 2016
Samsung hopes changing its rigid corporate culture will help it perform better as a business. The company believes emulating the behavior of startups can make it a more nimble firm, able to respond swiftly to opportunities.
Microsoft to Cut 1,850 Smartphone Workers
May 25, 2016
Microsoft today said it plans to further streamline its smartphone business, an action that includes job cuts and restructuring charges. The company plans to cut 1,350 jobs from its facilities in Finland, as well as another 500 jobs globally.
AT&T to Buy Time Warner for $85.4 Billion
Oct 23, 2016
AT&T has agreed to purchase Time Warner for $85.4 billion in a stock-and-cash deal that will merge AT&T's delivery networks with Time Warner's vast catalog of content. AT&T believes the combined companies will be able to save $1 billion per year once fully merged.
Verizon to Pay $350M Less for Yahoo After Privacy Breach
Feb 21, 2017
Verizon and Yahoo today said they've amended the terms of their acquisition, first announced in July 2016, which will see the sale price drop by $350 million. The deal has been in jeopardy since December when Yahoo disclosed a material security breach that impacted more than 1 billion users.