when did microsoft acquire linkedin stock

When did microsoft acquire linkedin stock software#

In the subscription software business, in which both Salesforce and LinkedIn are in, revenue gets recognized only when the actual service is delivered. Deferred revenueĭeferred revenue is the amount of money that has not been recorded as revenue - yet. I wasn’t valuing that asset based on the data ,' he added, referring to LinkedIn. 'I was valuing that asset based on their deferred revenue. 'I really like the financial characteristics of the company, and that’s why I was willing to go to a higher price just because I felt like the asset was undervalued,' Benioff told them. It was all about LinkedIn's financials, especially the growth in deferred revenue, he says. Meanwhile, Salesforce launched a new artificial intelligence product called Einstein last month, which requires lots of data to push out predictive analytics.īut speaking at a meeting with financial analysts on Wednesday at his company’s big tech conference, Benioff insisted the real reason he was willing to pay so much for LinkedIn wasn't about the data. That importance became particularly clear after Salesforce complained to regulators about the Microsoft/LinkedIn deal, citing ownership of LinkedIn's data as the reason for the complaint. Most people believed Benioff's obsession with LinkedIn was rooted in the vast amounts of data the professional network owns in its database. Salesforce CEO Marc Benioff famously tried to buy LinkedIn, and even offered a higher price, before Microsoft ran away with it for about $26 billion. Account icon An icon in the shape of a person's head and shoulders.

When did microsoft acquire linkedin stock