IT company Microsoft set to acquire professional networking website LinkedIn

Q.  Which major IT company has said it is acquiring professional networking website LinkedIn?
- Published on 14 Jun 16

a. Apple
b. IBM
c. Microsoft
d. None of the above

ANSWER: Microsoft
 
Microsoft is set to acquire LinkedIn for $26.2 billion in an all-cash deal, billed as one of the largest such pacts in the global social media space. The social media site has 10 percent of over 430 million users in India. It will retain distinct brand, culture and independence according to company and Jeff Weiner will remain the CEO of LinkedIn.
  • Microsoft will pay $196 per LinkedIn share a 50 percent premium to LinkedIn's closing price on June 10.
  • The news brought cheer for LinkedIn as shares jumped 48 per cent to $194.35 on Monday. But Microsoft shares fell nearly 3 percent.

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