Microsoft to buy networking site LinkedIn for $26.2 billion
In a surprise move, Microsoft said Monday that it is buying LinkedIn for about $26.2 billion, a deal that could bring subtle but significant changes for the professional network's more than 430 million members.
LinkedIn will remain an independent unit of Microsoft. It will keep its name, and current CEO Jeff Weiner will stay on and report directly to Microsoft CEO Satya Nadella. LinkedIn lets members network with other professionals, upload their resumes, catch up on career advice and search for jobs.
