Microsoft to Buy LinkedIn at $26.2 Billion

Microsoft Corp. and LinkedIn Corporation recently announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn's net cash. LinkedIn will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. The transaction is expected to close this calendar year.

LinkedIn is the world's largest and most valuable professional network and continues to build a strong and growing business. Over the past year, the company has launched a new version of its mobile app that has led to increased member engagement; enhanced the LinkedIn newsfeed to deliver better business insights; acquired a leading online learning platform called Lynda.com to enter a new market; and rolled out a new version of its Recruiter product to its enterprise customers.

"The LinkedIn team has grown a fantastic business centered on connecting the world's professionals," Nadella said. "Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet. Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn's network, now gives us a chance to also change the way the world works," Weiner said. "For the last 13 years, we've been uniquely positioned to connect professionals to make them more productive and successful, and I'm looking forward to leading our team through the next chapter of our story."

The transaction has been unanimously approved by the Boards of Directors of both LinkedIn and Microsoft. The deal is expected to close this calendar year and is subject to approval by LinkedIn's shareholders, the satisfaction of certain regulatory approvals and other customary closing conditions.



Culled from: Microsoft News Center

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Microsoft Releases Office For iPhone

Office for iPhone

For many professionals, Microsoft Office is the only productivity suite that does the job. In fact, that’s the most widely used software program around the world, with over 90% of the market in productivity suites. But with the increasing uses of tablets and smartphones, many of us want to bring our document editing capabilities with us on the go. Up until now, the only way to do that was to use a Microsoft device such as a Windows Phone. There have long been rumors that the company was working on an iOS version, but without any confirmation. Now, Microsoft has released its very first version for iPhone.

Right now, the offering is fairly meager. The app is available on the App Store for iPhone only, without a tablet version. When contacted for comments, the company says that they encourage users to use the web based version of Office when on an iPad. Also, the app doesn’t do any local saving, which means you must rely solely on SkyDrive to store documents. Finally, while the app is free, you must have an Office 365 subscription to use it. So needless to say, a lot of early reviews are negative, with few people fitting into this usage pattern.

Still, if you happen to use the cloud and subscribe to Office 365, then you may try it on your iPhone. The US version was released yesterday with other countries following in the coming days. Right now the app allows basic editing functionality for all Office document types. In fact the Windows Phone version is still a better release, but for basic editing needs, this one works just fine.