Microsoft won EU antitrust approval on Tuesday for its $26 billion bid for professional social network LinkedIn, its largest ever acquisition, after agreeing to a series of modest concessions.
Microsoft Corp will buy LinkedIn Corp for $26.2 billion in its biggest-ever deal, a bold stroke by Microsoft CEO Satya Nadella in his efforts to make the venerable software company a major force in
Option volume on business and professional social media company LinkedIn is running at four-times its typical average daily pace after an earnings flop shaved 28 percent off its market cap overnight.
Professional social network operator LinkedIn Corp said it would buy privately held online education company lynda.com in a cash-and-stock deal valued at about $1.5 billion.
LinkedIn posted solid first-quarter results that blew away expectations on revenue and earnings. In addition, the professional networking site unveiled a $118.8-million acquisition of SlideShare.
Shares of LinkedIn traded higher, even after the company added more equity to the market, as investors still appear to have an appetite for the company despite growing concerns about its valuation
