Microsoft to acquire linkedIn in $26.2 deal
Microsoft to acquire linkedIn in $26.2 deal
Washington - QNA
Microsoft on Monday announced that it was buying Linked-In, the social networking site, for $26.2 billion in what is being called one of the biggest tech deals ever.
Microsoft will pay $196 a share in cash to buy the site, which links an estimated 400 million business professionals worldwide.
"The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals," Satya Nadella, Microsoft’s chief executive, said in a statement from its headquarters in Seattle, Washington.
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