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June 13, 2016 12:39 pm GMT

Microsoft to buy LinkedIn for $26.2B in cash, makes big move into enterprise social media

microsoft linkedinHuge news today in the world of M&A in enterprise and social networking services: Microsoft has announced that it is acquiring LinkedIn, the social network for professionals with some 433 million users, for $26 billion, or $196 per share, in cash. The transaction has already been approved by both boards, but it must still get regulatory and other approvals. If for some reason the deal does… Read More

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