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Microsoft to Purchase LinkedIn for $26.2 Billion

Category: General News
Posted: 08:26AM

I am not sure if anyone saw this coming, but it has been announced that Microsoft intends to acquire LinkedIn for $196 per share, which comes to a value of about $26.2 billion, in an all-cash transaction. The Boards of Directors of both Microsoft and LinkedIn unanimously approved this acquisition, so all that remains before the deal closes is approval of LinkedIn's shareholders, satisfaction of some regulatory approvals, and customary closing conditions. The deal is expected to close this calendar year.



Source: Microsoft

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