LinkedIn, a social network of professionals, has performed quite well ever since its launch on May 5, 2003. “Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organisation on the planet,” Nadella said. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, said, “I fully support this transaction and the Board’s decision to pursue it, and will vote my shares in accordance with their recommendation on it.”
But in February 2016, LinkedIn’s market value fell by around USD 11 billion after the company revealed that its revenue will not be as expected.
“This would imply that LinkedIn will grow around 15 percent in 2017 and 10 percent in 2018,” Mizuho Securities USA Inc analysts had told Reuters. It is worth noting that LinkedIn is facing pressure in markets of Europe, the Middle East, Africa and Asia-Pacific.
How will Microsoft fare with LinkedIn? The best analogy is Skype. Oh, you didn’t remember Microsoft owns Skype? Exactly. $MSFT$LNKD