Showing posts tagged with: Acquisition

Marriott International, third largest hotel company worldwide, and the seventh one Starwood Hotels, have finally signed the commitment they made last November to merge and that last week stumbled when it appeared a Chinese consortium, led by Anbang, to acquire Starwood Hotels .  

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Microsoft will pay $196 per share for the company. LinkedIn CEO Jeff Weiner will remain CEO of the social network for professionals, reporting directly to Microsoft CEO Satya Nadella. Under the terms of the acquisition, LinkedIn will maintain its "distinct brand, culture, and independence" — similar to how Facebook handled its acquisition of WhatsApp — and Microsoft says LinkedIn cofounder and chairman Reid Hoffman and Weiner "both fully support" the purchase, with both boards signing off.  

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