Microsoft unveils plan to buy LinkedIn for $26.2 bn

WASHINGTON – Microsoft said Monday it signed a deal to acquire the professional social network LinkedIn for $26.2 billion in cash.

“The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” Microsoft chief executive Satya Nadella said.

“Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet.”