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Microsoft to buy LinkedIn in an all cash deal valued at $26.2 billion

This came out of nowhere. Microsoft announced that it is acquiring professional networking site LinkedIn in an all cash deal valued $26.2 billion which includes LinkedIn's net cash. Microsoft will be paying $196  per share for the company. LinkedIn will continue to function as an independent company whit CEO Jeff Weiner reporting to Microsoft's Satya Nadella. The transaction is expected to close this calendar year. Microsoft will finance the deal primarily through the issuance of new indebtedness. After the deal is concluded, Microsoft expects LinkedIn’s financials to be reported as part of Microsoft’s Productivity and Business Processes segment. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn said that he supports the deal and vote his shares in accordance with the deal. Microsoft said that the acquisition will have minimal dilution of ~1% to its earnings per share for the remainder of fiscal year 2017 and fiscal year 2018. It expects LinkedIn to become accretive to Microsoft’s earnings per share in fiscal year 2019 or less than two years post-closing. Financials Microsoft reported a profit of $3.8 billion for the quarter ended March 31, 2016 (Q3 FY16), a 25% decline from $5 billion last year. The total revenues for the quarter stood at $20.5 billion, down 6% from $21.72 billion the corresponding quarter last year. The operating income of the company stood at $5.3 billion, a 20% decline from $6.6 billion last year. Microsoft's has three reporting segments: Personal computing, Intelligent Cloud and Productivity and Business Processes. LinkedIn's total revenue increased 35%…

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