Microsoft buys LinkedIn

Posted by | June 13, 2016 09:09 | Filed under: Economy

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Microsoft is purchasing LinkedIn for $26.2 billion.

Shares of LinkedIn surged 48 percent in premarket trading after the announcement while shares of Microsoft opened down 5 percent. Before the announcement, trading in Microsoft had been halted briefly for news pending.

Jeff Weiner will stay on as CEO of LinkedIn and will report to Microsoft CEO Satya Nadella. The deal was unanimously approved by both companies’ Boards of Directors, and is expected to close by the end of the calendar year. The acquisition is still subject to approval by LinkedIn shareholders, and regulatory approvals.

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Copyright 2016 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

3 responses to Microsoft buys LinkedIn

  1. Buford2k11 June 13th, 2016 at 09:23

    ok..another internet thing-y that I don’t use, care for, or otherwise ignore…Good ol’ Microsoft…

  2. Mike June 13th, 2016 at 11:30

    Hard to believe it’s worth $26b …

  3. robert June 13th, 2016 at 12:17

    Dont turn it into another facebook

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