Microsoft has bought LinkedIn for $26.2bn, as the Seattle-based software company seeks to expand its reach into professional networking.
The deal is Microsoft’s biggest-ever acquisition, and follows a pattern of bold moves by chief executive Satya Nadella to reinvent the company that is known primarily as the maker of the Windows operating system.
The offer of $196 a share represents a 50 per cent premium to LinkedIn’s closing price on Friday and is inclusive of the professional networking website’s net cash.
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