Google, LinkedIn complete massive Silicon Valley land swap

Google, LinkedIn complete massive Silicon Valley land swap
In this Nov. 12, 2015, file photo, a man walks past a building on the Google campus in Mountain View, Calif. Google and LinkedIn said July 13, 2016, that they have completed a massive land swap involving several Silicon Valley properties. (AP Photo/Jeff Chiu, File)

Tech giants Google and LinkedIn may be rivals online, but they're collaborating in the real world on a Silicon Valley land swap.

Google and LinkedIn say they have completed a swap that will give Google LinkedIn's current headquarters in Mountain View. In return, LinkedIn receives property elsewhere in the city, where it will build a new headquarters.

LinkedIn also is taking over property leased by Google in Sunnyvale. The Silicon Valley Business Journal reports the deal involves 1 million square feet of existing buildings and 2.4 million square feet for development.

A LinkedIn spokesperson says the move will allow the company to consolidate 3,700 employees into a single campus years earlier than planned. A Google spokesperson says both companies are "excited to move forward with our respective development plans."

Google, LinkedIn complete massive Silicon Valley land swap
In this May 8, 2014, file photo, a man walks past the LinkedIn headquarters in Mountain View, Calif. Google and LinkedIn said July 13, 2016, that they have completed a massive land swap involving several Silicon Valley properties. (AP Photo/Marcio Jose Sanchez, File)

Explore further

LinkedIn proposes expansion in hometown

© 2016 The Associated Press. All rights reserved.

Citation: Google, LinkedIn complete massive Silicon Valley land swap (2016, July 13) retrieved 27 June 2019 from https://phys.org/news/2016-07-google-linkedin-massive-silicon-valley.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
13 shares

Feedback to editors

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more