[Infowarrior] - Microsoft to buy LinkedIn for $26.2 billion;

[Richard Forno]

Microsoft to buy LinkedIn for $26.2 billion; LNKD shares jump 48 pct

Kate Rooney	| @Kr00ney

http://www.cnbc.com/2016/06/13/microsoft-to-buy-linkedin.html

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Microsoft announced a deal to acquire professional social platform LinkedIn for $196 per share Monday. The all-cash deal is valued at $26.2 billion.

Shares of LinkedIn surged 48 percent in pre-market trading after the announcement.

Jeff Weiner will stay on as CEO of LinkedIn and will report to Microsoft CEO Satya Nadella. The deal is expected to close by the end of the calendar year.

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