June 5 (Reuters) - Reid Hoffman, billionaire co-founder
of networking website LinkedIn, has decided not to stand for
re-election to Microsoft's ( MSFT ) board of directors at its
2026 annual shareholder meeting, the software giant said in a
filing on Friday.
Hoffman, who has served on the board since 2017, will stay
on till the meeting. His decision was not a result of any
disagreement with executives on any matter relating to policy or
operations, Microsoft ( MSFT ) said.
In 2016, he sold LinkedIn to Microsoft ( MSFT ) for $26.2 billion in
what was at the time the tech giant's largest-ever deal. The
social networking platform has grown to over 1.3 billion members
since.
Hoffman co-founded Inflection AI alongside Mustafa Suleyman
in 2022 in an attempt to get ahead in the rapidly growing
sector.
He also led investment in Airbnb's ( ABNB ) Series A
financing round in 2010 and backed autonomous driving company
Aurora through venture capital firm Greylock Partners in 2018.