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June 7th AND 8th: Weiner and Hoffman each chat (separately) with Nadella, telling him the $182 offer just isn’t good enough, but that they are open to a $200 pe
by gvb 10y ago
June 7th AND 8th: Weiner and Hoffman each chat (separately) with Nadella, telling him the $182 offer just isn’t good enough, but that they are open to a $200 per share offer in cash. Sure, Nadella says, but we need to find “cost synergies” with that price.
"Cost synergies" is a euphemism for layoffs. In other words, Linkedin's employees will be paying for the bid increase.