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Microsoft to acquire LinkedIn for $26B

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Re: Microsoft to acquire LinkedIn for $26B

#761

Interesting to see the obvious pro-microsoft bias in comments here. I can only imagine the worst from microsoft and their user-hostile behaviour. * trojan-like telemetry impossible to control or block * malware-like behaviour through "legitimate" software update channels, force-feeding windows 10 on unwilling customers * embrace-extend-extinguish, mission accomplished by destroying Nokia's smart phone business * thei…

I totally agree that Hacker News is becoming quite bias ... This in itself should be raise with the ycombinator itself, the bias is what pushed Slashdot down

At least in the discussions area, there is a distinct lack of "hacker culture" opinion expressed on any topic, given the name of the forum. At least from where I am standing, this reflects very poorly on ycombinator, and the "Tech Culture" that they are putting investors in touch with.

Trigger Warning - Doubleplus Ungood Thoughtcrime ahead

For a certain portion of the readership, Microsoft can do no wrong ... and when they do wrong, it's never their fault.

Perhaps the site should be renamed to "Young Upwardly Mobile Professionals with Rose Coloured Glasses and No Clue, Living in an Artificially Inflated 1st World Bubble News" would be a more accurate title.

This acquisition makes perfect sense for anyone who thinks that "the real economy" is in great shape, and middle management jobs are likely to experience unheard of growth over the next few years. Layoff numbers are just made up propaganda, and everyone around the world loves the US Dollar.

When this level of backslapping groupthink starts to predominate, its a pretty sure sign that things are rotten in Denmark, and should be a clear warning sign for smart investors in this market. But .... each to their own, its their money they are gambling with I suppose. (or conversely, other people's retirement hopes that they are gambling with)

*

Anyway, I find it interesting that Linkedin's infrastructure is written in a mashup of Java, Scala, Ruby, and God knows what else.

You can almost guarantee that somewhere in the corridors of power, some pointy haired boss types are putting together a PowerPoint® presentation on how they are going to port all of Linkedin's codebase to .NET in 3 easy steps, for great profit. What could possibly go wrong ?

Big congrats to anyone that manages to cash in their Linkedin stock in the near future. If so, you have just managed to sell premium seats on the deck of the Titanic for top dollar !!

Re: Microsoft to acquire LinkedIn for $26B

#762
post #677

Earlier quoted context omitted.

does anyone actually interact on LinkedIn? I thought it was just a platform for recruitment spam

Imagine this: A recruiter messages you and then follows up with a skype interview through LinkedIn.

You can do this... today! Without spending $26bn.

Re: Microsoft to acquire LinkedIn for $26B

#763

Per LinkedIn's Form 8-K [1], LinkedIn has agreed to pay Microsoft a $725 million break-up fee if (a) LinkedIn's Board of Directors withdraws its recommendation of the merger, (b) LinkedIn accepts a superior offer, or (c) LinkedIn's stockholders turn the merger down. Note that LinkedIn may terminate the merger without paying the break-up fee if it avoids announcing an acquisition within one year of so terminating [2].…

Is it normal to have the clause about the shareholders turning the merger down? Seems like one helluva way to ram it down shareholders throats without much option to say no.

That's why it's done.

Re: Microsoft to acquire LinkedIn for $26B

#764
post #244

How does it work when a public company acquires another public company? If you have existing LinkedIn shares, do they get converted to Microsoft shares?... or do they just disappear one day, and a pile of cash takes its place?

In this case, the deal was structured as all cash. So the latter is exactly what happens. One day in your brokerage account you will see $X for every Y shares you had.

What about employee equity? Especially unvested options or stock units?

Re: Microsoft to acquire LinkedIn for $26B

#765

Earlier quoted context omitted.

> Refresh.io - relationship content surfacing First time I heard that. Wanted to check it out. Redirects to LinkedIn now. Acquisitions killing off the acquired products is a trend I do not enjoy.

Could of been LinkedIn who did it, they might of wanted to integrate the service into LinkedIn possibly?

I would assume so. It's still sad that these ideas keep getting killed off.

Re: Microsoft to acquire LinkedIn for $26B

#767
post #287

Earlier quoted context omitted.

If this would have been a mistake, the executives at Microsoft would have heard of it by now, no matter how disconnected they are from the world, and then they would have reverted it. Which they didn't.

Have you any idea how difficult it is to revert something like that? It doesn't sound like a trivial Cmd + Z to me. It sounds like a lot of work with limited upside for the team that implemented it. Nobody likes undoing their own work... Anyway, I'm not saying it wasn't a dick move by Microsoft. I just don't think it's representative of their entire company.

It's pretty trivial: turn off the push messaging that makes it auto-update.

The forced updates definitely got CEO approval. No question.

Re: Microsoft to acquire LinkedIn for $26B

#768

Earlier quoted context omitted.

Plus nobody likes Microsoft or linked in. Microsoft makes stuff you only use because you're paid to, and LinkedIn is something you use because of its ubiquity and despite the phone calls you're going to receive at work by desperate recruiters.

Unpopular opinion, but I like MS products - Just not the pricing! I did start in an MSSQL/.Net Devhouse though which may have tinted my rose glasses.

I hate Microsoft Project (never ever use the resource leveler) ... Visio was better when it was a core part of office - now I have to wonder whether the recipient of a diagram will be able to view it. Other than those two examples, I find that I can get work done in the Microsoft ecosystem.

Re: Microsoft to acquire LinkedIn for $26B

#770

Noob question: how can Microsoft buy LinkedIn given that large parts of it are owned buy random investors who might not want to sell? What happens to someone who, lets say, bought $10k worth of LinkedIn stock two years ago and has no intention to sell. Will that person be forced to sell his stock?

Yes, if a majority of the votes from shareholders approve of a sale others will be forced to sell.

Follow up noob question: Do they buy all stock in public hands or just a part? How do they decide he is obligated to sell ?
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