How LinkedIn winners reap millions from Microsoft deal

But Hoffman wasn’t alone in experiencing a huge payday. Other big LinkedIn shareholders include independent director and board member Michael Moritz — a onetime journalist turned Sequoia Capital investor in Google, PayPal and YouTube — whose 671,000 shares jumped in value to $129 million.

And CEO Jeff Weiner, who joined the company in 2009, saw his stake increase $6.8 million to $21.6 million.

ALSO READ  Nowhere In The World Uses Mobile Banking As Much As Africa

Weiner will remain CEO of an independent LinkedIn, reporting to Microsoft CEOSatya Nadella. The deal is expected to close by the end of the calendar year.

Leave a Reply

Your email address will not be published. Required fields are marked *