The acquisition of the social media giant LinkedIn will bring a wealth of talent and expertise to the company.
In a press conference yesterday, Jeff Skills, who was Twitter’s executive chairman from January 2017 to December 2018, discussed the deal, which he called a “win-win” for both companies.
In an email to The Verge, Skills wrote, “With LinkedIn’s global reach and deep connections, LinkedIn is a natural fit for us.”
The news comes on the heels of Twitter announcing its acquisition of Google+, which will help it create a “global voice” to connect people and businesses, according to a press release.
The announcement comes amid a trend for tech companies to become more “global,” with the growth of social media and the advent of other platforms.
LinkedIn, for example, recently announced its acquisition in partnership with LinkedIn Labs, a non-profit that helps tech companies develop tools and tools for the wider public.
LinkedIn has a number of “global reach” features in place, including a “push to action” tool, as well as a tool for employees to share work, notes the company’s website.
Skills also noted that LinkedIn was one of the first companies to provide real-time job listings, and that “our employees are always on the lookout for opportunities and are happy to share their talents.”
LinkedIn also announced that its employees will be able to submit resumes to hire directly from the platform.
LinkedIn is the second company to acquire a major social media company.
Last year, Yahoo bought the company, which was valued at $9 billion.
The deal also included Twitter, which bought its parent company in 2015 for $36 billion.
LinkedIn’s acquisition is the latest in a wave of tech companies acquiring social media companies.
Google acquired Buffer in 2018 and Facebook has been pursuing a similar deal with Instagram.
Other recent deals include Salesforce buying WhatsApp in 2018 for $19 billion; and Pinterest acquiring Twitter in 2019 for $22 billion.