F5 Networks Added to S&P 500 Index. Stock Soars

 
 

F5 Networks was added today to the S&P 500 Index, joining an exclusive club of Washington companies already listed including Amazon, Costco, Expedia, Expeditors International, Microsoft, Nordstrom, PACCAR. Starbucks, Nordstrom, Plum Creek Timber and Weyerhaeuser. F5's shareprice has been on a tear boosted by the growing popularity of cloud computing. The company's shareprice soared by another 3 percent Friday, ending the day valued at a whopping $11.6 billion. Who might be next? Maybe  Dendreon. The company, whose treatment for prostate cancer treatment recently received FDA approval, has seen its public valuation soar to nearly $6 billion, up more than 500 percent from just a couple of years ago.

Microsoft Buying LinkedIn for $26.2 billion

Microsoft Buying LinkedIn for $26.2 billion

Nadella calls it a marriage of 'leading professional cloud' and 'leading professional network.'
 
 

Microsoft on Monday announced that it is buying LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. Microsoft says LinkedIn "will retain its distinct brand, culture and independence." Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. The transaction is expected to close this calendar year. 

Here is Microsoft's announcment of the agreement, and here is Nadella's email to Microsoft employees, in which he describers the acquisition as bringing together "the world’s leading professional cloud with the world’s leading professional network."