Microsoft buying LinkedIn for $26.2 billion

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

Microsoft Corp. (NASDAQ:MSFT) agreed to buy LinkedIn Corp (NASDAQ:LNKD) for $26.2 billion in cash, the companies said in a statement on Monday.

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

“Today is a re-founding moment for LinkedIn,” Reid Hoffman, chairman of LinkedIn’s board, said in a statement.

Read the full article at: ca.finance.yahoo.com