Overnight Microsoft announced it has completed its $26.2 billion acquisition of LinkedIn, six months after the deal was announced in June.
Microsoft CEO Satya Nadella and LinkedIn CEO Jeff Weiner both penned blogs on LinkedIn to confirm the news.
The acquisition brings together “the world’s leading professional cloud and the world’s leading professional network to deliver more connected, productive and intelligent experiences for our members and customers,” Nadella wrote.
Nadella said Microsoft’s top priority is to accelerate LinkedIn’s growth by adding value for LinkedIn members.
“We also see a greater opportunity to help ensure that everyone can benefit from digital technology and the new opportunities created by the digital economy… Microsoft – inclusive of LinkedIn – can take steps to help people develop new skills online, find new jobs and easily connect and collaborate with colleagues. Technology alone will not solve these challenges, but together, working across private and public sectors, we can create more opportunity for everyone to participate and share in economic growth.”
In the short term Microsoft will work on integrating services between the two companies. LinkedIn boss Jeff Weiner said day-to-day operations at LinkedIn will “essentially remain unchanged.”
“I’m more confident than ever that our move to join forces with Microsoft will accelerate our mission to connect the world’s professionals to make them more productive and successful, and ultimately help create economic opportunity for every member of the global workforce,” Weiner wrote.
Weiner said the two companies have worked together in recent months to identify future opportunities.
“We’ve been able to see first-hand the level of innovation being driven at scale — in artificial intelligence, machine learning, the cloud, devices, and more. We’ve also had the chance to build a deeper relationship with Satya and the Microsoft leadership team, and to witness the strategic and cultural shifts they are driving, and the impressive traction they are seeing as a result.”