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