After the acquisition of Microsoft LinkedIn three quarterly net profit from deficit to profit www.1hhh.com

After the acquisition of Microsoft LinkedIn three quarterly net profit from loss to the U.S. social networking site LinkedIn released as of September 30th, the 2016 quarter of fiscal year third unaudited financial results. Reported that LinkedIn’s third quarter revenue of $960 million, an increase of 23%; based on U.S. GAAP (GAAP), net profit of $8 million 600 thousand, a net loss of $47 million 400 thousand over the same period last year. Prior to June 11th, LinkedIn reached a merger agreement with Microsoft. Under the agreement, Microsoft cash for $196 acquisition price of LinkedIn, the transaction value of about $26 billion 200 million, including LinkedIn’s net cash. August 19th, LinkedIn shareholders voted to approve the merger agreement. LinkedIn expects the transaction to be completed by the end of 2016. LinkedIn CEO Jeff Weiner, said: the third quarter, we continue to promote product investment in the LinkedIn platform to promote user participation, and once again achieve strong financial results. Looking to the future, the merger with Microsoft will create opportunities for us to significantly increase the size and influence of LinkedIn, and to bring value to our members and customers." After the earnings announcement, LinkedIn shares rose less than 1% hours, $188.63 shares, while Microsoft shares rose less than 1% shares at $60.10.相关的主题文章: