inc.com

inc.com

Microsoft announced today that it will acquire LinkedIn in a $26.2 billion deal. LinkedIn will retain its current CEO and its brand, according to the press release.

Given that LinkedIn is a powerful business tool and professional network, they are able to work with Microsoft to “connect professionals to make them more productive and successful,” LinkedIn’s CEO said in the press release. LinkedIn has seen immense growth in worldwide membership, user engagement, active job listings and mobile usage.

Recent updates from Microsoft have included a Windows 10 anniversary update, an acquisition of Solair, an introduction of Outlook to their Hololens, among other updates. LinkedIn’s recent app updates have focused on increasing engagement.

LinkedIn will be acquired for $196 per share, in an all-cash transaction, according to the press release.

While Twitter users expressed their opinions on the acquisition, many simply made light of the news, with a timeline filled with jokes:

What do you think of the deal?