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Microsoft to Buy LinkedIn for $26.2bn

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  • As 1 killed, 6 seriously injured in Germany bridge collapse

Computer software giant, Microsoft Corporation, said on Tuesday it would acquire business-oriented social networking service, LinkedIn Corporation, for $26.2 billion.

It said that the move was to seek new growth opportunities for its business productivity tools.
Microsoft, once the world’s No. 1 software giant for personal computers (PCs), is a multinational technology company, with headquarters in Richmond, Washington.

Under a definitive agreement, Microsoft will buy LinkedIn, based in Mountain View, California, for $196 per share in cash and the transaction is expected to close this year.

Microsoft’s Chief Executive Officer Satya Nadella said: “The deal is to bring together the world’s leading professional cloud with the world’s leading professional network.”
The deal is the biggest since he assumed the position in early 2014.

Microsoft, which has moved its Office application suite from a set of personal computer productivity tools to a cloud service known as Office 365 and now has 1.2 billion users, finds a connection with LinkedIn.

It runs an online network connecting more than 400 million professionals worldwide.
“We are in pursuit of a common mission centred on empowering people and organisations,” Nadella explained in an email to employees.

“Along with the new growth in our Office 365 commercial and Dynamics businesses, this deal is key to our bold ambition to reinvent productivity and business processes.

“Microsoft Dynamics offers businesses an integrated productivity solution,” Nadella said.
Nadella said that when people found jobs, “build skills, sell, market and get work done, they need a connected professional world which brings together a professional’s information in LinkedIn’s public network”.

On LinkedIn’s growth and strength, Microsoft listed a number of parameters registered in the past year, including 19 per cent growth year-over-year to more than 433 million members worldwide.

It would also have nine per cent growth to more than 105 million unique visiting members per month, 49 per cent growth to 60 per cent mobile usage and 34 per cent growth to more than 45 billion quarterly member-page views.

Also included in the parameter is 101 per cent growth to more than seven million active job listings.

In the meantime, a section of a highway bridge that was under construction in southern Germany collapsed on Wednesday, killing one worker and seriously injuring a further six, police said.

A 40-meter (130-foot) section of the bridge collapsed, said police spokeswoman Kathrin Thamm. Twenty workers were at the site at the time. In addition to the one dead and six seriously injured people, several workers were slightly injured, she said.

It wasn’t immediately clear what led to the collapse of the bridge section, which runs above a smaller country road.

The new bridge runs parallel to an existing bridge on the A7 highway near Werneck in northern Bavaria.

Work on the new 236-meter (774-foot) span started last year and was supposed to be completed at the end of 2017.

Upshot with additional report from MSN

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Accidents

FRSC Confirms 6 Dead, 5 Injured In Ibadan Road Accident

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FRSC Confirms 6 Dead, 5 Injured In Ibadan Road Accident

The Federal Road Safety Corps (FRSC), Oyo State Command, has confirmed the death of six persons in an accident involving multiple vehicles on Monday at Oke Eleshin, Amuloko area of the State.

The FRSC Public Education Officer in the State, Mayowa Odewo, told newsmen in Ibadan on Monday in a message that five persons were injured in the accident.

Odewo said eleven persons were involved in the accident, while the five vehicles involved were two tricycles, two trucks and a Sienna vehicle.

He said the five injured persons had been taken to Amuloko City Hospital by good Samaritans, while the corpses were taken to University College Hospital, Ibadan, before the arrival of FRSC personnel.

Odewo urged drivers to adhere strictly to road safety rules and regulations to reduce avoidable crashes.

An eyewitness revealed that among the dead were pupils and a mother to one of the pupils.

The witness said that a trailer appeared to have lost control and rammed into the vehicles.”

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Accidents

Ember Months: 2 Children Die, 7 Injured In Lagos-Abeokuta Expressway Accident

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Ember Months: 2 Children Die, 7 Injured In Lagos-Abeokuta Expressway Accident

…As Osun accident claims 4 lives – FRSC

Two children were confirmed dead in a lone accident involving a Toyota Camry at Kere, Itori on the Lagos-Abeokuta expressway.

Mrs Florence Okpe, the Spokesperson for the Federal Road Safety Corps (FRSC) in Ogun, confirmed the incident in a statement in Abeokuta on Sunday.

Okpe noted that the accident occurred at about 11:00 p.m. on Saturday.

She explained that the accident was caused by speeding, saying that the car marked AGL 36 JA was overloaded with passengers.

“A total of seven men, one male child and a female child were involved in the crash.

“One male child and one female child were killed in the accident while others sustained different forms of injury in the crash,” she said.

The FRSC spokesperson added that the injured victims were taken to the General Hospital, Ifo, while the corpses were deposited at the morgue.

She advised motorists to always adhere to traffic rules and regulations. 

In another development, the Federal Road Safety Corps (FRSC), Osun Command, says four persons lost their lives in Sunday’s accident that occurred on the Osun-Ondo expressway.

Mr Taofeeq Sokumbi, Osun Sector Commander, disclosed this in an interview in Osogbo.

Sokumbi said the accident occurred opposite Joseph Ayo Babalola University due to excessive speeding on the part of the vehicles involved, leading to the death of four passengers.

He warned motorists against dangerous driving which could lead to loss of lives and property.

According to him, the accident was due to the carelessness of the driver, who knew the danger that lay ahead due to excessive speeding.

He said the injured persons had been taken to an undisclosed hospital for treatment with corpses of the dead victims deposited at a morgue.

Sokumbi, however, warned that the command would not hesitate to deal with any road offender violating the state’s safety laws.

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Accidents

Tanker Tyre Explosion Sparks Chaos In Surulere

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Tanker Tyre Explosion Sparks Chaos In Surulere

 Pandemonium engulfed Ekololu, a community in the Surulere area of Lagos, on Monday night when the back tyres of a tanker transporting fuel to a Conoil filling station burst into flames near the station.

The News Correspondent who resides in the area reports that the explosion of the tyres and the ensuing billows of smoke made residents living near the filling station flee for safety.

Observations by the newsmen revealed that staff from the filling station hurried out with fire extinguishers to combat the fire, which erupted around 9:00 p.m., just a few meters from the station’s entrance.

Emergency responders, including Federal and State Fire Services, as well as the Lagos State Emergency Management Authority (LASEMA), swiftly arrived at the scene following distress calls from the community.

The ill-fated tanker that caused the pandemonium

Upon arrival, the emergency teams assessed the unregistered truck carrying the petrol and raised concerns about safety measures while questioning the driver and filling station management.

They provided guidance and oversaw the safe discharge of the fuel using a long hose to transfer the petroleum product from the stranded tanker into the filling station’s reservoirs.

The Station Manager of the Conoil filling station, Mr Kunle Oniya, informed the emergency responders that the station possessed 20 fire extinguishers, which were promptly utilised to contain the fire and prevent its spread.

The incident led to a traffic gridlock, with vehicles unable to move in the area for nearly an hour.

Some residents shared their experiences of the ordeal with the newsmen.

A resident, Malam Shehu, recounted abandoning his dinner upon witnessing the fiery explosion.

He expressed gratitude that the fire was contained before causing further damage.

Another resident, known as Iya Abigail, described hearing people shouting while she was playing games, prompting her to flee in confusion wearing her nightclothes.

She prayed for continued safety in the community.

An elderly resident, who preferred anonymity, urged filling stations in the area to prioritise safety and the welfare of residents.

She noted that filling stations typically had insurance against fire and other disasters and suggested extending such coverage to vulnerable buildings in their host communities.

Recalling the chaotic events, she said that she heard the sound of an emergency whistle to alert the neighbourhood before hastily evacuating her home.

“I was watching TV and when the incident occurred, I had to blow the emergency whistle to alert the neighbourhood but I quickly dressed up before running out of the house,” she said. 

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