(http://bit.ly/1Pougw6)READ MORE Microsoft agrees to buy LinkedIn for $26.2 billionThe deal is expected to close in 2016, the companies said in a joint statement. "Today is a re-founding moment for LinkedIn," Reid Hoffman, chairman of LinkedIn's board, said in a statement. LinkedIn's shares were jumped 48 percent to $194.28 before the opening bell on Monday. After the deal, LinkedIn will become part of Microsoft's productivity and business processes unit. Updated Mon, June 13th 2016 at 16:33 GMT +3Microsoft Corp agreed to buy LinkedIn Corp for $26.2 billion (Sh2.62 trillion) in its biggest-ever deal, combining the software giant's fast-growing cloud services business with the world's largest online network for professionals.

Source: Standard Digital June 13, 2016 13:52 UTC