Microsoft announced Monday (June 13) that it has entered into an agreement to acquire LinkedIn for $26.2 billion, which breaks down to $196 a share.
Under the terms of the agreement, LinkedIn will remain its own brand, and Jeff Weiner will remain CEO of LinkedIn. He will report to Microsoft CEO Satya Nadella. Both Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner supported the decision.