Microsoft buys professional social networking service LinkedIn for $26.2B

Microsoft buys professional social networking service LinkedIn for $26.2B: "LinkedIn is the largest professional network in the world, and Microsoft will pay $196 per share to acquire the publicly traded company. Microsoft has vowed to allow LinkedIn to "retain its distinct brand, culture and independence" after the transaction is complete."

Unlike a lot of tech companies, Microsoft is very good about acquiring companies with core tech devoid of hype. Although I suppose not many can afford a $26B purchase!

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