Thu, Dec. 8, 3:14 PM| Thu, Dec. 8, 3:14 PM | 3 Comments
Thu, Dec. 8, 11:04 AM
- With regulatory approvals and other clearances secured, Microsoft (MSFT -0.1%) is now set to commence its integration plan of LinkedIn (NYSE:LNKD).
- The $26.2B deal marks the largest in Microsoft's history and with CEO Satya Nadella considering LinkedIn "as our Instagram," its consequence remains on high watch.
Wed, Nov. 30, 7:50 AM
- Microsoft's (NASDAQ:MSFT) acquisition of LinkedIn (NYSE:LNKD) this year wasn't the first approach made by the U.S. technology giant to buy the firm, one of the professional networking site's founders told CNBC.
- "Since the early days, Microsoft had a standing offer to our VCs," Konstantin Guericke declared, stating MSFT had approached the company before he left in 2006.
- But the entrepreneur, along with other co-founders including current chairman Reid Hoffman, felt the site still had a long way to grow at the time and didn't see the need to sell out.
Wed, Nov. 23, 11:02 AM
- With conditions, as reported by Reuters.
- Earlier this week: Microsoft reportedly presents European Commission with software, hardware concessions involving LinkedIn merger
- Update: Modifications involving above-linked concessions cited to be under consideration. The deal has so far received approval in the U.S., Canada, Brazil and South Africa sans compromise.
Mon, Nov. 21, 1:16 PM
- Last week: Microsoft offers EU concessions over LinkedIn bid
- Reuters reports Microsoft (MSFT +0.6%) has offered to maintain open access by competitors to LinkedIn (LNKD +0.1%) and provide hardware manufacturers the ability to install a variety of services as the company continues to seek European Union approval of its LinkedIn purchase.
- Favoring of LinkedIn over rivals and packaged products making operation more difficult for other services, the latter something European Commission regulators have gone after Google for, are considered main concerns held by the agency, ones these measures are intended to ease.
- A formal, definitive ruling on the deal is expected December 6.
Wed, Nov. 16, 4:47 AM
- Seeking to allay concerns over its largest ever deal, Microsoft (NASDAQ:MSFT) has offered concessions to EU antitrust regulators over its $26B bid for LinkedIn (NYSE:LNKD).
- The European Commission, which will rule on the deal by Dec. 6, did not provide details.
- It's expected to seek feedback from rivals and customers before deciding whether to accept the concessions, demand more or open a full investigation.
Thu, Oct. 27, 1:58 AM
- Speaking at WSJ.D Live in California, Salesforce (NYSE:CRM) CEO Marc Benioff described the recent pair of key acquisitions that got away.
- Twitter: "We've never had a deal leak before... We had to stop because I'm running the business in partnership with my shareholders."
- LinkedIn: "We really liked some of the business fundamentals, [as opposed to Microsoft executives which] specifically said they will create a product that will create a barrier to entry of other companies."
Mon, Sep. 26, 3:32 PM
- With Salesforce (reportedly working with Bank of America) (CRM -0.2%), Alphabet (GOOG, GOOGL) and The Walt Disney Co. (DIS -1.3%) rumored to be in the mix, Twitter (NYSE:TWTR) is said to be gearing up to present itself to potential acquirers.
- While a bid by Salesforce is seen as unlikely and unfavorable by some (Citi, Morgan Stanley), last Friday it appeared firmly in the mx. Alphabet, meanwhile, is considered a favorite by others, with the available cash, advertising expertise and social network tie-in possibilities to make Twitter work under a new parent organization. Now that Disney is the latest to reportedly join the group, sports, distribution and video prospects are being weighed.
- Trading up more mildly than Friday's run on this development, it appears analysts, investors and Twitter itself are unsure of what direction the company will take next. The negative reaction of Salesforce shares on Friday and Disney shares today, though, may signal difficulty in attaining favorable terms for all parties involved in a deal should one come closer to materialization.
- Update (3:41 PM ET): CNBC's David Faber adds Microsoft (MSFT -0.8%) in as a potential bidder.
Mon, Aug. 22, 10:45 AM
- Microsoft (MSFT +0.1%) plans to shut down Genee on September 1 and integrate the service into Office 365.
- On the product: "Genee uses natural language processing and optimized decision-making algorithms so that interacting with a virtual assistant is just like interacting with a human one."
- Genee press release
Thu, Aug. 11, 12:02 PM
- Microsoft's (MSFT +0.4%) "Team Xbox" announced the deal for the "innovative and interactive livestreaming service that gives viewers the ability to watch and play along with their favorite game streamers in real-time."
- A main aspect and differentiation of the platform is interactivity, whereas gaming experiences from Twitch (AMZN), YouTube (GOOG, GOOGL) and others feature mainly viewing and live broadcasting.
- More from the release: "We at Xbox are excited about this convergence between playing and watching, and want to provide gamers with the freedom and choice to have great multiplayer experiences across all of Beam’s platforms. This acquisition will help gamers enjoy the games they want, with the people they want, and on the devices they want."
- Beam launched just this year and is based in Seattle. Terms of the deal were not made available.
- Beam press release
Sun, Jul. 24, 8:23 AM
- Salesforce (NYSE:CRM) CEO Marc Benioff, who recently lost a bidding war for LinkedIn (NYSE:LNKD) to Microsoft (NASDAQ:MSFT), would have made a stronger bid for the social network had it continued talks with him after its call for final offers.
- Persistent bidding by Salesforce - during the two months before LinkedIn's agreement to negotiate exclusively with Microsoft - ultimately raised the price of the deal by 22%, or $5B.
Sun, Jul. 3, 9:20 AM
- A bidding war with Salesforce.com (NYSE:CRM) forced Microsoft (NASDAQ:MSFT) to pay nearly $6B extra last month to seal its planned takeover of LinkedIn (NYSE:LNKD).
- Details of the frenzied bidding were revealed in a filing with the SEC ahead of a shareholder vote to approve the transaction.
- A month-long back-and-forth between the two rivals pushed the value of the all-cash deal to $26.2B, making it the third-largest acquisition in the tech industry.
- Previously: Bloomberg: Salesforce bid for LinkedIn prior to the Microsoft deal (Jun. 16 2016)
Thu, Jun. 16, 6:03 PM
- Salesforce (NYSE:CRM) was bidding for LinkedIn (NYSE:LNKD) before the professional social network agreed to a $26.2B deal with Microsoft (NASDAQ:MSFT), sources tell Bloomberg.
- There was already speculation Salesforce (currently has a $55.3B market cap) or another third party was vying to acquire LinkedIn, given Microsoft is paying a near-50% premium to where LinkedIn traded before the deal was announced. LinkedIn's recruiting/jobs products would've complemented Salesforce's cloud CRM apps, and its user data could've been integrated with the apps. LinkedIn's Sales Navigator social selling tool already syncs with Salesforce's apps.
- Last year, Salesforce was reported to have held buyout talks with Microsoft that fell apart due to disagreements over price.
Mon, Jun. 13, 8:53 AM
- Microsoft (NASDAQ:MSFT) will fund the deal mostly by issuing debt, with LinkedIn's (NYSE:LNKD) results to be reported as part of MSFT's Productivity and Business Processes segment. EPS is expected to take a minimal hit in fiscals 2017 and 2018, but the deal should become accretive beginning in fiscal 2019.
- The purchase is expected to close this year.
- Microsoft still intends to complete its current $40B buyback plan by year-end.
- Jeff Weiner will remain CEO of LinkedIn, reporting to Microsoft chief Satya Nadella.
- Nadella: "Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet.”
- A conference call is scheduled for 11:45 ET.
- LNKD remains higher by 48.4% to $194.49. Reopened for trade, MSFT is lower by 3.6%.
- Previously: Microsoft buys LinkedIn for $26.2B (June 13)
- Twitter next? TWTR is higher by 4% premarket.
Mon, Jun. 13, 8:40 AM
Fri, May 27, 1:53 PM
- Sources tell dealReporter P-E firm Vista Equity is close to an agreement to buy Marketo (MKTO +6.7%), and that a deal could be announced in the "next couple " of weeks.
- The site adds Marketo's lack of profits limited buyout interest, and that Vista will have to show it can deliver major cost cuts to secure debt financing for the deal.
- Marketo surged earlier this month on reports the company is exploring a sale. There had been speculation Microsoft (NASDAQ:MSFT) and/or SAP - each of which could use Marketo's cloud marketing automation software to fill out their cloud CRM software lines and better compete against Oracle/Salesforce - would bid for the company.
- Shares are up 43% since the reports arrived on May 10. If Vista buys Marketo, Microsoft/SAP buyout speculation could turn towards rival HubSpot (HUBS +0.8%).