True, Microsoft corporation bought LinedIn in June 2016.
Microsoft’s $26.2-billion acquisition of LinkedIn professional social network aimed to grow the platform and integrate it with Microsoft’s enterprise software, such as Office 365, azure and more.
On Monday June 13, 2016 — Microsoft Corp. and LinkedIn Corporation announced how they had entered into a definitive agreement under which Microsoft acquired LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash.
The move allowed Microsoft to reach LinkedIn’s massive user base and put Microsoft’s sales and distribution heft behind what was already the world’s largest and most successful social network.
LinkedIn retained its distinct brand and culture — and also its CEO, Jeff Weiner, who began reporting to Microsoft CEO Satya Nadella.
Twitter is also in talks to buy ClubHouse App at an estimated budget of $4bn.
Clubhouse is an invite-only social media app that lets users join and host audio talks.
The company is in talks with Twitter for a funding round that would value it at $4 billion.
The startup has raised $110 million in funding as of January 24, giving it a valuation of up to $1.4 billion.
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