By John McCarthy

Microsoft has agreed to buy professional social network LinkedIn for $26.2bn.

LinkedIn has been picked up for $196 per share in an all-cash transaction. Micorsoft has pledged to continue the LinkedIn brand and its chief executive Jeff Weiner will remain in position, reporting to the chief executive of Microsoft, Satya Nadella.

Boasting 433 million members worldwide (not to be mistaken for monthly active users), Microsoft will have access to the rich data thrown up by its members, in addition to the Lynda learning platform which was purchased last year.

“The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” Read full story ›

Source: The Drum