Microsoft’s LinkedIn Deal ‘Strategically Smart,’ Hutchins Saysby
Microsoft Corp.’s decision to acquire LinkedIn Corp. for $26.2 billion, one of the largest technology-industry deals on record, “looks like a strategically smart thing to do,” said Glenn Hutchins, co-founder of buyout firm Silver Lake.
“It looks like LinkedIn fits nicely,” Hutchins said Monday in an interview on Bloomberg Television. “Think of them as the social platform for business. It is what Facebook is to consumer activity.”