Stating that the deal with Microsoft is moving in a much better manner than he had hoped, Jeff Weiner, CEO, LinkedIn on Tuesday said that he has spent a lot of time with Satya Nadella and both the companies’ values are very similar in nature. When asked about his expansion plans, he told CNBC-TV 18, “We have massive expansion plans for India and it is the second largest country for LinkedIn in terms of membership.” He also said that China & India are some of LinkedIn’s most important markets.
When asked about PM Narendra Modi’s digital initiative and his presence on LinkedIn, he told ET Now, “I believe PM Modi and his team are doing a fantastic job on LinkedIn.” He also said that he wants to share the same passion which Modi has of making a difference in India. “I want to share PM Modi’s passion of making a difference in India.” He also spoke about the startup ecosystem. He said the startups scene in India is budding and it is a very exciting space to be in. “Startup ecosystem in India is alive and well”.
Microsoft acquired LinkedIn for a whopping $26.2 billion, in an all-cash transaction. This was one of the biggest deals in the tech world. Microsoft in its official blog announced that it has entered into a definitive agreement with LinkedIn in which it acquired the latter for $196 per share. Microsoft CEO Satya Nadella said, “The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals.”