Technology giant Microsoft today said it will acquire professional networking platform LinkedIn in an all-cash transaction valued at $26.2 billion. Microsoft will acquire LinkedIn for $196 per share in an all-cash deal valued at $26.2 billion, inclusive of LinkedIn’s net cash, Microsoft said in a statement. Microsoft will acquire LinkedIn for $196 per share in an all-cash deal valued at $26.2 billion, inclusive of LinkedIn’s net cash. In addition, Microsoft also reiterated its intention to complete its existing $ 40 billion share repurchase authorisation by December 31, 2016, the same timeframe as previously committed. Morgan Stanley acted as exclusive financial advisor to Microsoft and Simpson Thacher & Bartlett LLP was the legal advisor to Microsoft.

Source: The Hindu June 13, 2016 12:52 UTC