LinkedIn continues to operate as a standalone service under Microsoft
LinkedIn held its initial public offering in 2011, but was acquired by Microsoft Corp. (Microsoft) for $26.2 billion in June 2016. The deal was officially completed in December 2016 after being cleared by regulatory bodies in the United States and Europe. LinkedIn has remained its own standalone operation under Microsoft's stewardship. In addition to acquisition of the company’s services, the move brought LinkedIn’s founder, Reid Hoffman, under Microsoft control. Hoffman is viewed as key conduit to Microsoft’s operation in Silicon Valley and shortly after the purchase, the company announced that he would joint its board.
COVID|New Activity|Structural|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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