LinkedIn

LinkedIn, founded by former PayPal employees in 2002, is used mainly for professional networking, and reported more than 200 million registered users in more than 200 countries and territories as of January 2013. It is one of the most profitable companies in the Internet sector, with gross margins of roughly 90 per cent.

Offer represents 49.5 per cent premium to LinkedIn’s Friday closing price

Microsoft buys LinkedIn for US$26.2b in its largest deal

Microsoft Corp agreed to buy LinkedIn Corp for US$26.2 billion in its biggest-ever deal, combining the software giant’s fast-growing cloud services business with an online network of 433 million professionals.

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