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Microsoft buying LinkedIn for $26B

Media | 06/13/2016 6:41 pm EDT

Microsoft Corp. announced Monday that it has entered into an agreement to buy LinkedIn Corp.’s social networking site for $26.2 billion US. The companies said in a press release Monday that LinkedIn CEO Jeff Weiner will stay on as head of the company, reporting to Microsoft CEO Satya Nadella. “LinkedIn will retain its distinct brand, culture and independence,” the release said. The companies expect the deal to close later this calendar year, it added....

Microsoft restructuring phone business, cuts jobs

Media | 07/08/2015 4:37 pm EDT

Microsoft Corp. said Wednesday it is cutting as many as 7,800 positions primarily as a result of restructuring its phone hardware business. The company said in a press release that this will result in a write-down of about $7.6 billion US on assets gained through the acquisition of Nokia Corp.'s devices and services business last year. It said it faced an additional $750 million to $850 million in restructuring costs.  “We are moving from a strategy to grow a stand-alone phone business to a strategy to grow and create a vibrant Windows ecosystem including our first-party...

New Windows will run on PCs, tablets, mobile phones

Media | 01/21/2015 7:56 pm EST

On Wednesday Microsoft Corp. announced two new devices as well as more details about the latest version of its Windows operating system, which will be the first to run cross-platform on desktops, tablets and mobile phones....

Microsoft cuts 18,000 jobs as it integrates Nokia unit

Media | 07/17/2014 2:00 pm EDT

Microsoft Corp. said Thursday it is cutting 18,000 jobs, most of them related to integrating the cellphone division of Nokia Corp., the acquisition of which closed in April. In a letter to employees,...

Microsoft’s Nokia acquisition closes

telecom | 04/28/2014 7:32 pm EDT

Microsoft Corp. announced in a press release Friday that it has completed the acquisition of the Nokia Corp.’s devices and services business. Former Nokia CEO Stephen Elop will report to Microsoft CEO Satya Nadella, and...