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S&P might lift LinkedIn
S&P said it placed its unsolicited ratings on LinkedIn Corp. on CreditWatch with positive implications.
The CreditWatch placement follows LinkedIn's definitive agreement to be acquired by Microsoft Corp. for $196 per share in an all-cash transaction valued at $26.2 billion.
LinkedIn's CEO, Jeff Weiner, will remain in place and report to Satya Nedella, Microsoft's CEO.
"The CreditWatch placement is based LinkedIn's agreement to be acquired by Microsoft, an entity with a stronger credit profile," S&P credit analyst Andy Liu said in a news release.
"We will resolve the CreditWatch placement once the acquisition is completed and raise our ratings on LinkedIn to the level of those on Microsoft."
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