Microsoft Corp has agreed to acquire LinkedIn Corp for $26.2 billion in a deal that will combine the world’s biggest software maker with the largest global online network of professionals.
Greyhound Research Chief Analyst and CEO Sanchit Gogia said that the acquisition will help Microsoft boost its CRM business. “Microsoft is working very hard to become an enterprise solutions company. The acquisition will help Microsoft extend its CRM environment and move towards the enterprise solutions fulfillment in terms of getting leads from LinkedIn,” he said.
Gogia also said that LinkedIn has solutions for sales and talent acquisition and that Microsoft can now target decision makers other than chief information officers in companies, such as chief marketing officers and chief human resources officers.
Source: VC Circle