What Major Business Acquisitions Mean for the Moving Industry
This year alone has seen a number of major business acquisitions take place, and when this happens, companies shift entirely. Maybe they’ll shake things up just a little; sometimes it’s a major makeover, involving a massive corporate relocation, causing employees to have to move great distances to keep up with the times.
One of the most talked about mergers has been the $26.2 billion acquisition of LinkedIn by Microsoft. This has been touted as the biggest tech merger for 2016, and one of the largest (8th, to be exact) to ever happen. By far, it has been Microsoft’s largest deal in its history. The interesting thing here, when thinking strategically, is that LinkedIn’s headquarters are located in Mountain View, CA, and Microsoft is headquartered in Redmond, WA; is a major relocation a possibility with this merger? Perhaps.
When major shifts like these happen, they can have reverberating effects. It is not a guarantee on any level that LinkedIn will be relocating, however, there is always the probability, and likelihood of expansion under Microsoft’s ownership. Would it make sense for Microsoft to open a new LinkedIn office in Seattle? Quite possibly.
People have been flocking to Seattle for a while because the city’s tech markets are always expanding and the job market has been phenomenal. The city also boasts an incredible variety of cultural offerings, and between the ever-present availability of excellent coffee, a laidback approach to just about everything, incredible food at every turn, an endless plethora of outdoor adventures available for enthusiasts, Seattle is exceptionally dog-friendly (there are more dogs living in Seattle than children), has jobs continuously emerging as an entrepreneurial hub, and it also happens to be the smartest city in the US according to Fast Company. Great reasons to inspire people to move in, right?
Prior to the acquisition, LinkedIn was ramping up employees, signaling a period of extensive and rapid growth for the company. Between 2013 and 2014, approximately 1,500 employees were hired, and since the merger occurred 2 months ago, there has been much discussion about the intended growth and speculations about how this acquisition will impact both companies positively. How will these employees be impacted by their new ownership? Will they be faced with relocation?
As for moving, considering the major forces both Microsoft and LinkedIn are in their respected fields, expect big changes in both of their surrounding areas as a result of this merger. Both intend on remaining independent entities, especially LinkedIn as it is such a different company than its new owner. As of now, there are no talks of LinkedIn relocating to Seattle, however that isn’t to say they won’t, or at least open a Seattle location.
Currently, however, change is already abound for the professional social media company. In a deal recently worked out with Google, LinkedIn will be exchanging real estate with the tech magnate in an effort for both companies to expand appropriately through Silicon Valley. As a part of this deal, LinkedIn will be moving into 7 of Google’s buildings throughout Mountain View and Sunnyvale, while Google will be moving into LinkedIn’s 370,000 sq. foot headquarters location with an additional 8 acres of prime Mountain View land. Both companies will benefit from the changes, and LinkedIn intends to proceed with plans of consolidating all of its 3,700 Silicon Valley employees into a single corporate campus.
Right now is a time of incredible change for LinkedIn employees in the Bay Area. Between their acquisition, their impending relocation, and the many possibilities that lie ahead in their future, there is a great possibility of corporate relocation and moving that may occur. When major corporations merge, the changes can be felt far and wide, affecting numerous other industries and businesses as the companies and individuals who are a part of them adjust and transition right alongside. Moves happen, relocation happens, and in these instances, American Van Lines can help make these major transitions go accordingly.