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Google, LinkedIn Complete Massive Silicon Valley Land Swap

Google, LinkedIn Complete Massive Silicon Valley Land Swap

By Associated Press | Updated: 14 July 2016 12:35 IST

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Highlights

The two Silcon Valley companies are online rivals
Google will get LinkedIn's current headquarters in Mountain View
LinkedIn will get Google property where it will build its new HQ

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."

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Further reading: Google, Internet, LinkedIn, Microsoft, Silicon Valley