Shares of LinkedIn had peaked in the past year at $258.39. The stock is down more than 14 percent year to date, and 10 percent in the past year. LinkedIn, which has more than 400 million members, acquired online education company Lynda.com last April. It rolled out a new version of its Recruiter product this year, which the company said increased membership, engagement and financial results.
Shares of Microsoft traded near $50 on Monday, down from their 52-week high of $56.85. The company’s stock has gained more than 8 percent year over year.
Correction: Microsoft is buying LinkedIn for $26.2 billion. That figure was briefly misstated in one headline reference on an earlier version of this article.
Programming note: Nadella and Weiner will appear on CNBC at 11 am EDT.