• Data storage violations lead to LinkedIn’s official ban in Russia

    Data storage violations lead to LinkedIn’s official ban in Russia

    Russia’s communications regulator ordered public access to LinkedIn’s website to be blocked on Thursday to comply with a court ruling that found the social networking firm guilty of violating data storage laws.

    LinkedIn is the first major social network to be blocked by Russian authorities, setting a precedent for the way foreign Internet firms operate. It has over 6 million registered users in Russia.

    Russian law requires websites that store the personal data of Russian citizens to do so on Russian servers, […]

  • Why I Sold LinkedIn for $26.2 Billion to Microsoft – CEO, Jeff Weiner Reveals

    Why I Sold LinkedIn for $26.2 Billion to Microsoft – CEO, Jeff Weiner Reveals

    Microsoft announced on Monday that it would acquire LinkedIn, the professional networking site, for $196 per share in an all-cash transaction valued at $26.2 billion, the CEO has now outlined his reasons for selling.

    In a bid to reassert itself in a technology market it once dominated, software giant, Microsoft, announced on Monday morning that it would acquire LinkedIn in a $26.2 billion cash deal.

    The acquisition, by far the largest in Microsoft’s history, unites two companies in different businesses: one a […]