I don’t use the site, but if I did I would pack my info and leave right now.
In one of the biggest tech mergers of all time, Microsoft said Monday that it’s buying LinkedIn in a deal valued at $26.2 billion.
Microsoft (Tech30) is paying $196 per share. That is 50% more than the price of LinkedIn stock at the end of the day on Friday.,
On Monday, following the announcement, LinkedIn stock soared to near that purchase price, while shares of Microsoft slipped 4%.
The deal combines Microsoft, which dominates the global market for computer systems, with LinkedIn, known as the main social network for professionals.