Officials insist this slow integration is by design and that their first concern has been to grow the LinkedIn user base.Ī big part of the reason LinkedIn's numbers look really strong this quarter is because the COVID-19 pandemic-caused sluggishness in job creation, job advertisement and recruiting has been waning in recent months, officials said. Microsoft has only taken initial steps to moved LinkedIn over to being hosted on Azure, rather than on its own servers. Since then, the company has only integrated LinkedIn's products and services very limitedly with existing Microsoft ones.
Microsoft bought LinkedIn in 2016 for $26.2 billion. This is the most expensive purchase of a social network in the (short, but intense) history of social networking. Microsoft doesn't disclose exact LinkedIn revenues or profits/losses, but officials did say the LinkedIn advertising business did surpass $1 billion this quarter for the first time. YES LinkedIn is owned by Microsoft Microsoft bought LinkedIn in 2016 for 26.2 billion.
Today, July 27, Microsoft added a third $10 billion business to that list: LinkedIn.Īs part of its Q4 FY21 earnings announcement, Microsoft officials said revenues from its LinkedIn subsidiary were up 46 percent compared to the year-ago quarter, driven by strong advertising demand in Marketing Solutions, to the tune of 97 percent growth, year-over-year. INTRODUCTION Microsoft announced buying LinkedIn for 26.2 billion on 13 June 2016, by paying 196 per share in an all-cash transaction, including LinkedIns. In the deal, which still has to receive the expected regulatory approvals. Over the past three years, Microsoft has turned security and gaming into $10 billion annual businesses for the company. LinkedIn is now 'Microsoft-owned LinkedIn,' a distinction that cost Microsoft just a little north of 26 billion.
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