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Tuesday, 14 June 2016 - 12:24
Microsoft To Buy Linkedin For $26bn
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Microsoft is buying the professional networking website LinkedIn for just over 26 billion dollars in cash.

The software giant will pay 196 dollars a share - a premium of almost 50% to Friday's closing share price.

The deal will help Microsoft boost sales of its business and email software.

Microsoft said that LinkedIn would retain its "distinct brand, culture and independence".

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