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Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

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Old 06-13-2016, 09:38 AM   #1
I *heart* Revscene.net very Muchie
 
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Microsoft to acquire LinkedIn

...get ready for annual subscription model for all the freebie accounts.




REDMOND, Wash., and MOUNTAIN VIEW, Calif. — June 13, 2016 — Microsoft Corp. (Nasdaq: MSFT) and LinkedIn Corporation (NYSE: LNKD) on Monday 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. These innovations have resulted in increased membership, engagement and financial results, specifically:

19 percent growth year over year (YOY) to more than 433 million members worldwide
9 percent growth YOY to more than 105 million unique visiting members per month
49 percent growth YOY to 60 percent mobile usage
34 percent growth YOY to more than 45 billion quarterly member page views
101 percent growth YOY to more than 7 million active job listings

“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.”

http://news.microsoft.com/2016/06/13...3zdl1rpz2eujti
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Old 06-13-2016, 09:46 AM   #2
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Another cash grab for Microsoft.

They need to make up for the revenue losses from the less than stellar sales of Xbox One by acquiring LinkedIn.

http://www.cnbc.com/2016/04/22/have-...sales-are.html
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Last edited by pastarocket; 06-13-2016 at 10:04 AM.
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Old 06-13-2016, 10:12 AM   #3
PM me for my nudes
 
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good thing I signed up to linked in with a hotmail account

bad thing I only use it when changing jobs
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[14-05, 14:59] FastAnna You tiny bra wearing, gigantic son of a bitch
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I'd probably blow someone for that 911
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Old 06-13-2016, 10:29 AM   #4
WOAH...shut the music off...
 
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if they charge i think people will just go back to monster and workopolis?
hopefully it won't be broken like when pulse was bought out by linkedin
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[04-06, 11:34]radiomanI'm doing happy hour with bj#3 today
[07-04, 10:27]radiomani need just the tip
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Old 06-13-2016, 11:02 AM   #5
RS.net, where our google ads make absolutely no sense!
 
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Old 06-13-2016, 11:42 AM   #6
I contribute to threads in the offtopic forum
 
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It's time to stop updating on my linkedin.
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Old 06-13-2016, 01:19 PM   #7
what manner of phaggotry is this
 
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maybe now people can actually delete their linkedin accounts for real?

getting rid of linkedin is as bad as curing cancer
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Old 06-13-2016, 01:21 PM   #8
WOAH! i think Vtec just kicked in!
 
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It's time to stop updating on my linkedin.
192$ per stock
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Old 06-13-2016, 08:00 PM   #9
MiX iT Up!
 
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Gotta update my linked in while playing Halo!
Post my gamer stats as achievements.
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