Salesforce.com Inc. lost out on its bid for LinkedIn Corp. to Microsoft Corp., which acquired the professional social network site for $26.2 billion on Monday, according to a person familiar with the matter. The price Microsoft paid is... Salesforce.com’s offer price isn’t known, but Brent Thill, an analyst at UBS Group, said purchasing LinkedIn would have been a stretch for the company, which makes web-based software for salespeople.

Source: Wall Street Journal June 17, 2016 03:37 UTC