NEW YORK, June 28 (Reuters Breakingviews) - Most corporate acquisitions deteriorate over time, but Microsoft’s (MSFT.O) $26 billion deal for LinkedIn keeps getting better.
Buying LinkedIn was a bold step for Satya Nadella, who became the software goliath’s third chief executive in early 2014.
Paying a 50% premium for LinkedIn and its 430 million users made it one of the technology industry’s largest deals ever and by far Microsoft’s biggest.
The war over the “Call of Duty” maker is just one of many things happening at Microsoft that’s overshadowing LinkedIn.
Those market dynamics have buoyed LinkedIn, which was only generating $3 billion in revenue when Microsoft bought it.
Persons:
Satya Nadella, Steve Ballmer, There’s, Mark Zuckerberg, Tesla, Elon Musk, faddish, Microsoft’s, It’s, Jeffrey Goldfarb, Sharon Lam
Organizations:
YORK, Reuters, LinkedIn, Nokia, aQuantive, Activision, Microsoft, Facebook, Twitter, Sprout Social, Bing, Thomson