Founded in 2002, Mountain View, Calif.-based LinkedIn had approximately 400 million users in 2015.

The transaction is expected to close this calendar year, subject to the approval of LinkedIn shareholders.

Microsoft said it would issue new debt to fund its acquisition.

Microsoft to buy LinkedIn for $26.2 billion

I have always had a great admiration for LinkedIn, Nadella said in a video on Microsofts website.

I have been talking with Reid and Jeff for a while …

I have been thinking about this for a long time.

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source: www.techworm.net