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>> $26.2 billion, that's how much Microsoft is shelling out for LinkedIn. The company Monday saying it's offering a 50% premium for the career and networking site. LinkedIn will retain its unique brand, culture and independence, and Jeff Weiner will remain CEO of that unit, reporting to Microsoft chief Satya Nadella.
That separation probably for the best, given Microsoft just hasn't had as much success with its acquisitions. Its buyout of Nokia is the most recent example. The company's also trying to pivot to the cloud business and getting its search engine, Bing, into the big leagues. Monday's merger could make Microsoft more relevant in the social media space.
LinkedIn stock rising in early trading, up 47%.