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LinkedIn co-founder Hoffman: Why we sold to Microsoft

LinkedIn Chairman Reid Hoffman says that Microsoft is a natural partner for the business network he co-founded.

The $26 billion sale to the tech giant is the best way to generate value for shareholders, customers and employees, he told CNBC on Thursday.

For LinkedIn, whose shares were down 40 percent in 2016 before the deal was announced, it was simply too hard to compete with the public tech giants like Microsoft, Facebook and Google. Hoffman said it's easier for private companies to compete.

"Once you get into a public company, if you're not throwing a lot of ability to do R&D, and to progress your technology at a very fast...


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