Microsoft has bought professional networking website LinkedIn for more than $26bn (£18bn), one of the biggest technology deals of all time.
The all-cash sale, which has already been approved the both boards, will let LinkedIn "retain its distinct brand, culture and independence". Jeff Weiner is to remain as chief executive.
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In a statement announcing the deal, Nadella "hinted at the competitive advantage he expects the network to provide for Microsoft", says The Guardian.
LinkedIn co-founder Reid Hoffman said: "The relationship with Microsoft, and the combination of their cloud and LinkedIn's network … gives us a chance to change the way the world works."
Shares in LinkedIn closed 46.6 per cent up yesterday, while Microsoft's were down 2.6 per cent.
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