Satya Nadella at Microsoft Ignite 2016, two years after her tenure as CEO of Microsoft and a few months after announcing the company’s acquisition of LinkedIn. (File photo by GeekWire / Kevin Lisota)
When Microsoft announced its acquisition of LinkedIn for more than $ 26 billion five years agoThere was a lot of skepticism, and for good reason.
After all, Microsoft was a company known for making big writedowns when its major acquisitions (aQuantive, Nokia, etc.) fell short of expectations.
But that was then, and after becoming the new leader of the venerable software giant, Microsoft CEO Satya Nadella was taking a different approach, clinging to Microsoft’s strength in business technology by choosing the popular business social network.
It remains the largest business in Microsoft’s history, and with that in mind, it now also ranks as Satya Nadella’s greatest success as CEO of Microsoft.
This week, we learned that LinkedIn has joined the ranks of Microsoft’s $ 10 billion dollar companies, crossing that threshold in annual income for the first time.
Unfortunately, we still don’t know for sure if LinkedIn is a profitable business, as Microsoft stopped disclosing LinkedIn’s operating earnings a couple of years ago. But based on the underlying economics of the business and LinkedIn’s previous track record of bottom line results, it’s a relatively safe bet that it’s trading in the black.
We discussed the LinkedIn deal, five years later, in the second segment of this week’s GeekWire Podcast.
My colleague John Cook and I are back at the GeekWire studio in our offices in Seattle’s Fremont neighborhood for the first time in 18 months, along with podcast producer Curt Milton.
We started with a behind-the-scenes discussion about The Great GeekWire II Raceand conclude with a new feature, Week Number, taken from the latest results from our local coffee giant.
Listen above, or subscribe to GeekWire on any podcast app.