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."
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 plans to expand to Sunnyvale, Calif.