Skip to main content

Microsoft's purchased of LinkedIN is one of the most expensive tech deals in history.


Microsoft’s purchase of LinkedIn is one of the most expensive tech deals in history. It may not be one of the smartest


“IMAGINE a world where we’re no longer looking up to tech titans such as Apple, Google, Microsoft, Amazon and Facebook...because we are one of them.” So wrote Jeff Weiner, boss of LinkedIn, in an open letter on June 13th. Not much imagination is necessary. Microsoft had just announced it would pay $26.2 billion to buy the professional social network, making it the third-largest acquisition in the history of the tech industry. The deal was accompanied by substantial promises from Mr Weiner and Microsoft’s boss, Satya Nadella, that the deal would transform businesses’ and workers’ productivity worldwide. Those pledges seem fanciful.
Microsoft is paying a high price for a firm that has suffered its fair share of setbacks. Although LinkedIn is the largest professional social network by far, with around 430m registered users and 100m visitors to its site each month, some analysts have questioned how much bigger it can become. LinkedIn makes most of its money by selling subscriptions to corporate recruiters, who prowl through its database of executives looking for prospective employees. Revenue growth has been slower than expected, and rolling out new businesses and improving existing ones has proved pricey.

Comments

Post a Comment

Popular posts from this blog

Android ransomware attacks have grown by 50% in just over a year

Ransomware targeting the Android operating system has grown by over 50% in just a year, as more consumers switch from their PCs to their smartphones, making the mobile OS ecosystem a more worthwhile target for cybercriminals. According to a report by security firm ESET , the largest spike of crypto-malware attacks came during the first half of 2016. It was also found that so-called "police ransomware" on the lock-screen has been the dominant type of ransomware for Android, effectively scaring victims about some crime it claims they committed, which has led many of them to pay up to the criminals. Android ransomware detection from 2014-2016, spiking in April 2016 | via  ESET Aside from this, the researchers have also found that the perpetrators have increased their efforts into keeping a low profile by encrypting the malware's payload deep within the infected apps. In ESET's whitepaper called " Trends in Android Ransomware (PDF),"  it was indicated th...
Post a Comment
Read more

Reliance to launch 4G VoLTE Feature Phones starting Rs 999

Reliance Jio will use Spreadtrum chipsets to enable 4G VoLTE calls on the Rs 1,500 feature phones Reliance Jio is reportedly planning to unveil its feature phones with added 4G VoLTE support and will be priced between Rs 999 and Rs 1,500. The phones will come with bundled free calls alongside other services. In a report published by Hindustan Times, Reliance Jio will use Spreadtrum chipsets to enable 4G VoLTE calls on the Rs 1,500 feature phones. The report cites unnamed sources that Reliance Jio is “expectedly in talks” with Qualcomm and MediaTek, which accounts for a huge chunk of the processors used in smartphones nowadays. The Reliance Jio VoLTE feature phones may become a platform for the company to promote its bundled apps, such as Jio Chat, Live TV, Video-on-demand, and JioMoney. Reliance Jio’s VoLTE feature phones are also expected to have cameras on the front and back. Two 4G VoLTE feature phones by Reliance Jio are said to be in the works. However there is no...
Post a Comment
Read more