Computer software giant, Microsoft Corporation, said on Tuesday it would acquire business-oriented social networking service, LinkedIn Corporation, for $26.2 billion.
It said that the move was to seek new growth opportunities for its business productivity tools.
Microsoft, once the world’s No. 1 software giant for personal computers (PCs), is a multinational technology company, with headquarters in Richmond, Washington.
Microsoft, once the world’s No. 1 software giant for personal computers (PCs), is a multinational technology company, with headquarters in Richmond, Washington.
Under a definitive agreement, Microsoft will buy LinkedIn, based in Mountain View, California, for $196 per share in cash and the transaction is expected to close this year.
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