Hang on to your hat, because Microsoft Corp. is heading towards buying LinkedIn Corp for $26.2 billion. The combination allows for software like Microsoft Word and PowerPoint to connect with LinkedIn’s 433 million professionals. As Microsoft CEO Satya Nadella said on a conference call with analysts, “LinkedIn and Microsoft really share a mission…There is no better way to realize that mission than to connect the world’s professionals.”
As Forrester analyst Ted Schader said, “It’s a massive growth play for Microsoft.”
LinkedIn makes most of its $3 billion in annual revenue from job hunters and from recruiters who pay a monthly fee in order to post resumes and connect with people.