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Google, LinkedIn Complete 'Blockbuster' Land Swap
"Google Inc. and LinkedIn Corp. have struck a 'grand bargain' that redraws the map for each company’s presence in Silicon Valley, ending a stalemate that frustrated their development plans," reports Nathan Donato-Weinstein.
The land swap involved 1 million square feet of existing buildings (LinkedIn's current headquarters included) and 2.4 million square feet of future development capacity. Donato-Weinstein presents the blockbuster deal as a win-win—all achieved without any money changing hands. Meanwhile, Google expands its footprint in the North Bayshore area, while LinkedIn will reorient to Sunnyvale and other parts of Mountain View.
The article includes more of the details of the swap, including what it means for the past and future development plans of each of the companies.