Microsoft has announced that it will acquire LinkedIn for $196 per share, a 49.5% premium to LinkedIn's closing share price on Friday.
Microsoft Corp. (Nasdaq: MSFT) and LinkedIn Corporation (NYSE: LNKD) on Monday announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn's net cash. LinkedIn will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. The transaction is expected to close this calendar year.
According to Microsoft's press release, Morgan Stanley is acting as the tech giant's exclusive financial advisor, with Qatalyst Partners and Allen & Company advising LinkedIn.
What does everyone think of this deal? Out of curiosity, can anyone estimate the size of the fees for a deal like this? Particularly for Qatalyst and Allen & Co.