Microsoft finalizes acquisition of LinkedIn

In a Thursday announcement, software giant Microsoft and business social network LinkedIn have revealed that they have closed their acquisition deal; with Microsoft having paid $26 billion to take over LinkedIn.

The finalization of Microsoft's LinkedIn acquisition deal - the largest-ever acquisition by Microsoft - comes nearly six months after reports first started making rounds about Microsoft's plans to purchase the business social network.

The LinkedIn acquisition marks a notable advance in Microsoft's plans to emerge as an essential provider to businesses of cloud-based services, including its own Office 365. One of Microsoft's objectives for its new social network is to include the implementation of LinkedIn notifications in the Windows 10 Action Center.

With Microsoft and LinkedIn to jointly work on artificial intelligence, the cloud, and machine learning, among other things, Jeff Weiner - CEO of LinkedIn - said in a recent blog post that the acquisition will not bring about any change in LinkedIn so far as the social network's users are concerned.

Expressing the confidence that LinkedIn's acquisition by Microsoft will help LinkedIn "accelerate our mission to connect the world's professionals to make them more productive and successful," Weiner said that the move will "ultimately help create economic opportunity for every member of the global workforce."