Microsoft to Acquire LinkedIn for $26.2 Billion
On June 13, 2016, Microsoft and LinkedIn Corporation, the world's largest professional network with more than 433 million members in 200 countries and territories around the globe, announced a definitive agreement for Microsoft to acquire LinkedIn for approximately $26.2 billion, or $196 a share. Wilson Sonsini Goodrich & Rosati is advising LinkedIn in the transaction.
Headquartered in Mountain View, California, LinkedIn is publicly held and has a diversified business model with revenues coming from member subscriptions, advertising sales, and talent solutions. LinkedIn connects the world's professionals to make them more productive and successful, and transforms the ways companies hire, market, and sell. The company's vision is to create economic opportunity for every member of the global workforce through the ongoing development of the world's first Economic Graph. LinkedIn's site officially launched on May 5, 2003.
WSGR has a longstanding relationship with LinkedIn, having represented the company in several milestone transactions, including its $353 million IPO in 2011 and its $1.5 billion acquisition of online education company lynda.com in 2015.
Microsoft's acquisition of LinkedIn is expected to close in 2016, subject to shareholder and regulatory approvals and other customary closing conditions.
The WSGR team advising LinkedIn includes the following:
Employee Benefits and Compensation:
Myra Sutanto Shen
Privacy and Data Protection:
Josephine Aiello LeBeau
Finance and Structured Finance:
William Chandler III
For additional information, please see the related news release.