Microsoft agrees to buy LinkedIn for $26.2b

Microsoft agrees to buy LinkedIn for $26.2b

The logo for LinkedIn Corporation, a social networking website for people in professional occupations, is pictured in Mountain View, California February 6, 2013. REUTERS/Robert Galbraith/Files

Microsoft Corp agreed to buy LinkedIn Corp for $26.2 billion in cash, the companies said in a statement on Monday.

The offer of $196 per share represents a premium of 49.5 percent to LinkedIn’s Friday closing price.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter