You know all that annoying spam you get in your inbox about people you don’t really know moving to new positions at companies you’ve never heard of? Well, those emails come from Microsoft now. The company announced on Monday morning that it is acquiring LinkedIn for a whopping $26.2 billion, or $196 per share. That’s a healthy premium over Friday’s $131.08 close, and there will be plenty of analysis in the media over the coming days tossing around theories about this monster deal. But if you want to know why Microsoft just spent a fortune to acquire the world’s premiere professional networking site, you can find out straight from the horse’s mouth.
Microsoft CEO Satya Nadella’s letter to employees following the deal can be read below in its entirety. More →