$26.2 billion – in cash, nonetheless, for which Microsoft is actually taking on debt to pay down (their reserves are apparently pretty robust, but unlike Apple, not the strongest part of their balance sheet). That said, it appears as if Google in fact was in talks with LinkedIn last year before a deal sheet fell apart, according to a well placed source who requested to speak with Recruiting Daily off the record.Īs their stock precipitously declined over the past few months and LinkedIn unsuccessfully tried adding new revenue streams and sources to offset their shrinking Recruiter customer base, it seemed to many observers that they were treading water, trying to preempt the inevitability of going completely underwater.īut now Microsoft has thrown them a lifeline, or, more accurately, shown up for their newest rescue operation in a yacht (that might soon beat even Oracle’s). It’s a combination of two incredibly unsexy brands who have seen better days, and whose combination seems certainly predicated less on the resulting alliance than the primary competition both companies face, which, obviously, comes from the company headquartered across the street from the LinkedIn Death Star in Mountain View. This acquisition is sort of reminiscent of when Dell bought EMC for forward thinkers and cutting edge companies, this announcement likely is the equivalent of two dinosaurs battling as both sink into the tarpit of technology.
It is not an obvious fit, by any means, other than the fact that both are basically kind of the Miss Havisham (or maybe Norma Desmond) of the tech world, fading category killers whose happily ever after has been perpetually mothballed in the court of public perception.
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