Microsoft's history of acquisitions reveals a list of companies that were once hot but have since lost momentum. But investors think LinkedIn can escape the same fate.
Microsoft agreed to buy LinkedIn for about $26.2 billion in cash, as Microsoft seeks to accelerate the growth of Microsoft Office 365 and Dynamics, according to a statement released on Monday. Investors have high hopes for the new tie-up between Microsoft and LinkedIn, sending LinkedIn shares soaring 47 percent on the news of their merger.
The merger hopes to place Microsoft at the forefront of professional software services, to both enterprise customers and individuals. Now the pressure is on new Microsoft CEO Satya Nadella to show how this buy will differ from Microsoft's spotty portfolio of past purchases.