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LinkedIn's shares drop 43.6% within a single day following an earnings report, down to $108.38 per share. LinkedIn loses $10 billion of its market capitalization that day. [49] [50] 2016: June 13: Acquisitions: Microsoft announces the acquisition of LinkedIn at $26.2 billion ($60 per user).
Shares of LinkedIn rose as much as 171% on their first day of trade on the New York Stock Exchange and closed at $94.25, more than 109% above IPO price. Shortly after the IPO, the site's underlying infrastructure was revised to allow accelerated revision-release cycles. [ 13 ]
In 2015, Roslansky was a key part of the $1.5 billion (~$1.89 billion in 2023) acquisition of Lynda.com, the largest acquisition in LinkedIn's history at that time. In response to the COVID-19 pandemic , Microsoft and Linkedin pledged to upskill 25 million workers [ 8 ] and in 2021, has surpassed that number.
21st Century Fox abandoned its takeover of Time Warner, due to the unwillingness of the Time Warner Board to engage with the Fox executives. This also caused a sharp dip in Fox's stock price which made a deal unattractive to Fox shareholders. [456] [457] 22 1998 American Home Products: SmithKline Beecham: 77.0 143.9
He started with LinkedIn on December 15, 2008, [1] as Interim President. [2] Weiner played an instrumental role in LinkedIn's acquisition by Microsoft for $26 billion (~$32.4 billion in 2023) in June 2016. [3] Currently, he is the Executive chairman of Linkedin as of 2022. He is also the founding Partner of Next play venture capital.
[3] The Instagram acquisition, announced on April 9, 2012, appears to have been the first exception to this pattern. [4] While continuing with a pattern of primarily talent acquisitions, other notable product focused acquisitions include the $19 billion WhatsApp acquisition and the $2 billion Oculus VR acquisition.
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Today, LinkedIn reported that its revenue rose 47% compared to the fourth quarter of 2012, to $447 million. Net income fell from $11.5 million to $3.8 million as its costs rose from $277 million ...