Recently Microsoft announced its 26.2 billion dollar acquisition of which one of the following professional networking sites?
Linkedln
Understanding Microsoft's Major Acquisition
This question asks about a significant business transaction involving Microsoft and a professional networking site. Understanding major acquisitions by large technology companies like Microsoft is important for general awareness and business studies.
Microsoft, a global technology leader, has made various acquisitions over the years to expand its market reach and capabilities. In recent history, one of its most notable acquisitions involved a professional networking platform.
Identifying the Acquired Professional Networking Site
The question specifies that Microsoft acquired a professional networking site for a sum of 26.2 billion dollars. We need to identify which of the given options fits this description and was acquired by Microsoft.
Let's look at the options provided:
- PartnerUp
- PerfectBusiness
- StartupNation
Out of these options, LinkedIn is widely known as a major professional networking site. Historical business news confirms that Microsoft acquired LinkedIn. The acquisition was announced in June 2016 and completed in December 2016.
Analyzing the Acquisition Details
The question mentions the acquisition amount: 26.2 billion dollars. Let's verify if this amount aligns with the Microsoft-LinkedIn deal.
| Acquiring Company | Acquired Company | Business Type | Reported Acquisition Cost |
|---|---|---|---|
| Microsoft | Professional Networking Site | $26.2 billion |
The details match. Microsoft acquired LinkedIn, a professional networking site, for 26.2 billion dollars.
Conclusion: The Correct Professional Networking Site
Based on the facts and the analysis of the options, LinkedIn is the professional networking site that Microsoft acquired for 26.2 billion dollars.
Therefore, the correct option is LinkedIn.
Revision Table: Key Acquisition Facts
| Detail | Information |
|---|---|
| Acquiring Company | Microsoft |
| Acquired Company | |
| Type of Company Acquired | Professional Networking Site |
| Acquisition Value | $26.2 billion |
| Announcement Year (Approx) | 2016 |
Additional Information: Significance of Tech Acquisitions
Major technology companies like Microsoft often acquire other companies for strategic reasons. These can include:
- Expanding into new markets or services (like professional networking in this case).
- Acquiring talent and technology.
- Neutralizing potential competitors.
- Integrating services to offer a more comprehensive platform.
The acquisition of LinkedIn allowed Microsoft to integrate LinkedIn's vast network and professional data with its existing products like Office 365 and Dynamics 365, aiming to enhance productivity and business solutions.
Professional networking sites are platforms designed to help people connect with others in their industry, find job opportunities, share professional content, and build their career profile.
Important Questions from Acquisitions and Merger
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In November 2020, Mercedes-Benz collaborated with ______ to offer financial benefits to potential HNI (High Net Worth Individual) customers.
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1. Easebuzz is now authorized to operate as a digital lending platform.
2. The RBI license allows Easebuzz to function as an online payment aggregator.
3. This authorization enhances Easebuzz's role in the Indian fintech sector.
Mark the correct statement from the above using the codes given below:
