LinkedIn cofounder Reid Hoffman to step down from Microsoft’s board

Reid Hoffman, billionaire co-founder of networking website LinkedIn, has decided not to stand for re-election to Microsoft’s board of directors at its 2026 annual shareholder ‌meeting, the ⁠software ⁠giant said in a filing on Friday.

Hoffman, ​who has served on the board since ​2017, will stay on till the meeting. His decision was not a ​result of any ⁠disagreement with ‌executives on any matter ​relating ​to policy or operations, Microsoft ⁠said.

In 2016, he sold LinkedIn to ​Microsoft for $26.2 billion in what ​was at the time the tech giant’s largest-ever deal. The social networking platform has grown to over 1.3 billion members since.

Read more

You may also like

Comments are closed.

More in IT