In February, LinkedIn's stock dropped almost half its value in one trading day, leading many to finally admit that the company's value proposition had really never translated into actual, y'know, value.
Basically, a lot of people watched LNKD drop off the table and thought to themselves "Oh, so it's not just me that doesn't know that LinkedIn is actually - like - for?"
But apparently it wasn't everyone who thought that... Microsoft CEO Satya Nadella knows what we're talking about...
Microsoft Corp. said it will buy LinkedIn Corp. in a deal valued at $26.2 billion, giving the world’s biggest software provider access to a virtual Rolodex of connected business professionals.
Umm, how much?
Microsoft will pay $196 per share in an all-cash transaction, including LinkedIn’s net cash, a 49.5 percent premium to LinkedIn’s closing price Friday.
That's a lot, but it's not cheap to buy a company with all that personal data and bend it to your corporate will. You know, change it and fix what's broken...
LinkedIn will retain its brand, culture and independence and Jeff Weiner will remain chief executive officer of the company, Microsoft said in a statement Monday.
Umm, again, how much?
The offer values LinkedIn about 91 times earnings before interest, taxes, depreciation and amortization, according to data compiled by Bloomberg. That’s the highest multiple of any takeover valued at more than $5 billion this year, the data show.
Wow Microsoft, even Clippy is looking at this deal and saying "I don't get it."