LinkedIn has agreed to be acquired by Microsoft in an all-cash deal valued at $26.2 billion. The Mountain View company said it agreed to sell for $196 a share, a nearly 50% premium on its closing price on Friday. LinkedIn shares had dropped by about 42% this year before the sale was announced and jumped by about 48% on the news. The stock peaked in February 2015 when LinkedIn shares fetched around $270. Microsoft Corp. (NASDAQ:MSFT) shares fell about 4% in early Monday trading. LinkedIn Corp.…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/06/13/microsoft-buying-linkedin-for-26b.html?ana=RSS%26s=article_search
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