In what is set to be the most significant tech mergers of all time, Microsoft will acquire LinkedIn for a staggering $26.2 billion. On Monday, Microsoft decided to buy LinkedIn by paying $196 per share which is 50% more than the closing price at the end of the day on Friday. Following the announcements, LinkedIn stocks rose near to that of the purchasing price while the shares of Microsoft slipped by 4%.

Microsoft, the global force in computer systems seems to expand its presence in social media. LinkedIn’s business is a sizable one with $3 billion in the last year, 35% up from last year. With 433 million members worldwide. It is one of the world’s biggest network.

The LinkedIn brand will continue to live on even after this acquisition as Jeff Wiener will remain the CEO will remain as CEO of LinkedIn but reporting to Microsoft CEO Satya Nadella. This will be the 5th largest tech deal in the history, but it will soon be dwarfed by a whopping $67 billion purchase of EMC by Dell which is yet to be announced.

Reid Hoffman, co-founder and chairman of LinkedIn and also one of the shareholders of the company, will get $2.9 billion for the sale of his shares. The jump in LinkedIn’s shares early Monday increased his net worth by %900 million.

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Mina Aryal is a Nepali tech journalist and media expert. She is currently the chief editor of ICT Frame, a leading online tech media outlet in Nepal that covers topics such as technology, business, and entrepreneurship. Aryal has been involved in the field of tech journalism for over a decade and has covered various topics such as internet governance, cybersecurity, e-commerce, and startup ecosystems. She has also been involved in organizing and promoting tech events in Nepal to bring together tech enthusiasts, entrepreneurs, and investors to discuss and collaborate on various topics related to the tech industry. Aryal is considered one of the most influential tech journalists in Nepal and has been recognized for her contributions to the field.