Monday, 12 December 2016

Microsoft just completed its $26B LinkedIn acquisition


Microsoft's deal to buy professional social network LinkedIn for $26.2 billion has officially closed.
Microsoft announced completion of the deal, the largest in Microsoft’s history, just two days after getting the final regulatory sign-off from the European Commission, with conditions. Microsoft announced the acquisition in June, and regulators in the U.S. and other countries had already cleared the deal.
Microsoft had faced opposition from Salesforce, which had competed for LinkedIn and asked European regulators to investigate the competitive implications of the deal.