Microsoft is acquiring LinkedIn, the company announced Monday. The move is a cash deal valued at $26.2 billion. Both companies’ boards of directors approved the acquisition unanimously. Under the new deal, LinkedIn CEO Jeff Weiner will report to Microsoft CEO Satya Nadella. After the announcement, the LinkedIn share price jumped 48 percent.
Microsoft founder Bill Gates has come out on the side of the FBI in its legal battle with Apple after Chief Executive Tim Cook said his company would not comply with a government search warrant to unlock an iPhone used by one of the shooters in December’s San Bernardino terror attack. “This is a specific…
BOB sucked and so does Microsoft CEO Satya Nadella, and his gaffe about women’s pay. At a women’s tech conference Thursday, Nadella said that women not asking for a raise is “good karma” and that “the system will give you the right raises as you go along.” Afterwards, the software executive apologized and backpedaled. But…
Microsoft Corp. today announced it has reached an agreement to acquire Mojang, the celebrated Stockholm-based game developer, and the company’s iconic “Minecraft” franchise. The Mojang team will join Microsoft Studios, which includes the studios behind global blockbuster franchises “Halo,” “Forza,” “Fable” and more. Microsoft’s investments in cloud and mobile technologies will enable “Minecraft” players to…
Tech investors last week discovered business at Intel and IBM isn’t as slow as some feared, that Google’s plan for Internet domination is still humming along and that Yahoo’s core business — minus cash and its Alibaba stake — is probably only worth about $3 or $4 a share. This week, they’ll find out whether…
CEO Satya Nadella says in an email to employees that it was a “difficult” decision, but says changes will lead to “more productive, impactful teams across Microsoft.” A week after writing a 3,100 word company-wide memo on Microsoft’s “bold ambition and our core focus,” the company’s chief executive officer wrote another, shorter memo to his…
Former Microsoft chief executive succeeds with $2 billion offer, group including Oprah Winfrey made $1.5 billion losing bid Former Microsoft chief executive Steve Ballmer has bought the NBA’s Los Angeles Clippers franchise for $2bn, a record for a professional basketball team, sole trustee Shelly Sterling has announced. In a news release from Greenberg Glusker, Sterling’s…
A large coalition of technology companies challenged a Federal Communications Commission (FCC) proposal on Friday that would threaten net neutrality. The group, led by giants including Amazon, Facebook, Google and Microsoft, released a letter urging the FCC to maintain an open internet. The letter marks the first time the companies have formally taken a stance…
A newly discovered security hole in Microsoft Corp.’s MSFT +0.13% Internet Explorer—the default Web browser for many users—could be particularly troubling for those still running Windows XP. Microsoft on Sunday warned about a flaw affecting versions six through 11 of its flagship browser. The coding flaw would allow hackers to have the same level of…
Microsoft on Tuesday announced that Satya Nadella would be its next leader, betting on a longtime engineering executive to help the company keep better pace with changes in technology. The selection of Mr. Nadella to replace Steven A. Ballmer, which was widely expected, was accompanied by news that Bill Gates, a company founder, would step…
A group of tech companies — AOL, Apple, Facebook, Google, LinkedIn, Microsoft, Twitter, and Yahoo — has written an open letter to President Barack Obama and the U.S. Congress calling for a reform of government surveillance following numerous revelations about the NSA’s data collection practices. The coalition presents five core principles to inform future surveillance…
Three top investors in Microsoft have lobbied the board to press for Bill Gates to step down as chairman, Reuters reported on Tuesday. While Microsoft CEO Steve Ballmer has been under pressure for years to improve the company’s performance and share price, this appears to be the first time that major shareholders are taking aim…
Microsoft unveiled new Surface tablets at an event in New York today. The Surface Pro 2 will ship with Windows 8.1. on Oct. 22 and cost a base price of $899. Users will get free Skype calling to landlines for one year and 200GB of SkyDrive storage for two years. Microsoft is also unveiling several…
Microsoft, Google and other major tech firms anxious to reveal details about the US surveillance program say negotiations with the government have not reached an agreement “acceptable to all.” Microsoft General Counsel Brad Smith, in a post Friday, said the talks recently broke down and Microsoft planned to move forward with a lawsuit filed this…
Microsoft helped U.S. intelligence services access email, Skype and cloud storage, according to top-secret documents provided by Edward Snowden. The latest documents come from the NSA’s Special Source Operations (SSO) division, described by Snowden as the “crown jewel” of the agency. It is responsible for all programs aimed at US communications systems through corporate partnerships…
On this dreary Tuesday at the Microsoft campus in Redmond, Wash., executives are on stage to share news and a glimpse of the new Xbox One console. Read the complete story. [source: nbc news]
