December 11, 2016 12:34 AM ET

Internet Software and Services

Company Overview of LinkedIn Corporation

Company Overview

LinkedIn Corporation, together with its subsidiaries, operates an online professional network worldwide. The company, through its proprietary platform, allows members to create, manage, and share their professional identity online; build and engage with their professional networks; access shared knowledge and insights; and find business opportunities. It also offers LinkedIn mobile applications across a range of platforms and languages, including iOS for iPhone and iPad, Android, Blackberry, Nokia Asha, and Windows Mobile; and a public Website that allows developers to integrate its content and services into their applications. In addition, the company provides talent solutions, including hi...

2029 Stierlin Court

Mountain View, CA 94043

United States

Founded in 2002

10,113 Employees

Phone:

650-687-3600

Key Executives for LinkedIn Corporation

Chief Executive Officer
Age: 46
Total Annual Compensation: $966.5K
Chief Financial Officer and Senior Vice President
Age: 47
Total Annual Compensation: $532.7K
Senior Vice President of Engineering and Operations
Age: 44
Total Annual Compensation: $582.1K
Senior Vice President of Global Solutions
Age: 42
Total Annual Compensation: $532.7K
Senior Vice President, General Counsel and Secretary
Age: 47
Total Annual Compensation: $488.8K
Compensation as of Fiscal Year 2015.

LinkedIn Corporation Key Developments

LinkedIn Corporation Announces Executive Changes

On December 8, 2016, in connection with the completion of the Merger, LinkedIn Corporation, Keith R. Dolliver and Benjamin O. Orndorff, who constituted the Board of Directors of Liberty Merger Sub Inc, became the directors of the company, and each of the seven directors of the company immediately prior to the effective time: Reid Hoffman, Jeff Weiner, A. George “Skip” Battle, Leslie Kilgore, Stanley Meresman, Michael Moritz and David Sze are no longer directors of the company.

LinkedIn Corporation Requests NYSE To File Form 25 With SEC To Delist And Deregister Class A Common Stock

On December 8, 2016, pursuant to the terms of an Agreement and Plan of Merger, dated as of June 11, 2016, by and among Microsoft Corporation (“Parent”), Liberty Merger Sub Inc., a wholly owned subsidiary of Parent (“Merger Sub”) and LinkedIn Corporation (the “Company”), Parent completed its acquisition of the Company through the merger of Merger Sub with and into the Company (the “Merger”), with the Company continuing as the surviving corporation in the Merger and becoming a wholly owned subsidiary of Parent. In connection with the closing of the Merger, the Company requested that NYSE delist its Class A Common Stock on December 8, 2016 and, as a result, trading of the Class A Common Stock on NYSE was suspended prior to the opening of NYSE on December 8, 2016. The Company also requested that NYSE file a Form 25 with the SEC to remove the Class A Common Stock from listing on NYSE and to deregister the Class A Common Stock pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Additionally, the Company intends to file with the SEC a Form 15 requesting the termination of registration of the Class A Common Stock under Section 12(g) of the Exchange Act and the suspension of the Company’s reporting obligations under Section 13 and 15(d) of the Exchange Act.

Linkedin Corporation Reports Unaudited Consolidated Financial Results for the Third Quarter Ended Sep. 30, 2016

LinkedIn Corporation reported unaudited consolidated financial results for the third quarter ended Sep. 30, 2016. Total revenue increased 23% year-over-year to $960 million against $779.6 million for the same period of last year. Non-GAAP net income was $163 million, excluding $2.0 million of merger-related transaction costs against $103.45 million for the same period of last year. Non-GAAP diluted EPS was $1.18, compared to $0.78 for the same period of last year. Adjusted EBITDA was $304 million against $208.09 million for the same period of last year. Income from operations was $23 million against loss of $36.68 million for the same period of last year. Income before income taxes was $12.8 million against loss of $57.34 million for the same period of last year. Net income attributable to common stockholders was $8.6 million against loss of $47.42 million for the same period of last year. Net cash provided by operating activities was $373.3 million against $239.6 million for the same period of last year. Purchases of property and equipment was $300.62 million against $166.65 million for the same period of last year.

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