Microsoft to buy networking site LinkedIn for $26.2 billion
NEW YORK - Microsoft says it is buying professional networking service site LinkedIn for about $26.2 billion.
LinkedIn, based in Mountain View, California, has more than 430 million members. Users can network with professionals, upload their resumes and search for jobs on the site.
Microsoft Corp. says it is paying $196 for each share of LinkedIn Corp., a 50 percent premium of the stock's closing price of $131.08 on Friday.
LinkedIn shares soared 49 percent before the stock market opened Monday.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
String of car break-ins in luxury Baton Rouge apartment complex
LSU announces that students will not be required to get COVID-19 vaccines
Coast Guard suspends search for Seacor Power crew, volunteer diver weighs in...
Entergy finds solution for neighborhood with frequent power outages
Woman finds tracking device on car, state police want it back
Legendary Parkview coach Kenny Guillot passes away at 76
Southern Wins Third Straight Bayou Classic
White squad edges Purple in LSU Spring game
'We have a plan': Coach O quiet on how Title IX scandal...
Southeastern regains sole possession of first place in Southland standings with win...