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Google Gets Land For Its Futuristic Headquarters, Thanks To LinkedIn Deal ( 44

An anonymous reader writes from a report via Ars Technica: Silicon Valley Business Journal reports that Google and LinkedIn have worked out a deal that will allow the two neighbors to swap a few million square feet of real estate. The deal will help give Google enough room to build its futuristic "canopy" campus. Ars Technica reports: "Google will receive all of LinkedIn's existing Mountain View territory, which consists of LinkedIn's 370,000-square-feet headquarters and almost eight acres of land LinkedIn had planned on turning into office space. LinkedIn will move a few miles across town into four office buildings currently owned by Google that come out to about 750,000 square feet of office space. LinkedIn instantly gets to double its office space while avoiding a costly 'five- to six-year' construction project, and Google gets the space and building rights it needs to build its crazy indoor/outdoor spiderweb canopy utopia. Google owns a huge chunk of land in Mountain View with many office buildings, but the buildings have all been hand-me-downs. In February 2015, Google announced plans to renovate its campus with an ambitious design featuring a large membrane covering configurable activity space. To expand, both LinkedIn and Google needed to compete for Mountain View's 2.2 million square feet of available commercial square footage. The city, fearing it would become an all-Google town, awarded the majority of the construction rights -- 1.4 million square feet -- to LinkedIn, leaving Google with nowhere to build its new headquarters. With the real estate swap, those construction rights go to Google, so the company now has all the space it asked for." Last month, Microsoft announced plans to acquired LinkedIn for $26.2 billion.
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Google Gets Land For Its Futuristic Headquarters, Thanks To LinkedIn Deal

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  • the looting of Linkedin begins

    • nothing of value was lost.
      • by Anonymous Coward

        nothing of value was lost.

        Amen to that! The only thing I got out of my LinkedIn account was incessant emails from recruiters that ended to be nothing. Meaning, I never - ever - got a job because of my LinkedIn account. It did nothing for me professionally. And too many of my friends and acquaintances allowed LinkedIn to access their contacts list from their email accounts. So I was getting dieticians and folks who I never wanted to see again being suggested as a link.

        In the meantime, quite a bit of personal information was up th

    • No worries, I deactivated my account a couple of months ago.

      The bonus I received is the incessant spamming of non-existing developer roles or that were never available are no longer coming to my inbox.

  • by I'm just joshin ( 633449 ) on Wednesday July 13, 2016 @05:07PM (#52506277)

    Every time a high tech company builds a new 'amazing' campus their stock falls soon after.

    Apple (in the 90's)
    and so on...

    • by tlhIngan ( 30335 )

      Apple (in the 90's)

      And soon too - Apple's spaceship campus is set to open either end of this year or mid 2017...

      Though I've always wanted to know what Apple would do with their existing 1 Infinite Loop address. (So-called because their new Cray supercomputer is so fast, it can run an infinite loop in under 60 seconds). The other thing was, Apple used the Cray to design Macs, while Cray used Macs to manage the Cray - you interacted with the Mac running in front of the Cray.

  • If you've read Parkinson's Law (and you should!) you'd know that institutions begin their decline just at the time they move into their perfect, palatial quarters.

  • for another fascinating episode of Commercial Real Estate Headlines?

  • I'm betting, all told, Google and Linked in pay about $200 in actual taxes and fees to Mountain View proper, for in the US, the bigger the corporation, the less they actually pay to support their physical presence (i.e., 'company town').
  • Why do so many tech companies insist on locating themselves in neighborhoods where a modest house costs $3 million? There are countless cities with reasonable costs of living, surely they could still attract lots of qualified people there?

What is algebra, exactly? Is it one of those three-cornered things? -- J.M. Barrie