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.
Hurricane Ian likely to affect Louisiana homeowner's insurance rates
High schools being asked to play some football games on Thursdays due...
DOTD now says I-10 lane closures will last 14 months; previously said...
Overnight closures planned on I-10, I-110 in Baton Rouge this weekend
Officials trying to limit development in BR's flood-prone areas as neighborhoods continue...
Fans' Choice Player of the Week 4: Central's Glen Cage
Plaquemine's Jayden Rogers leading the Green Devils through music
Southeastern knocks off #4 Incarnate Word on Eli Sawyer game winning touchdown...
McKinley High's homecoming football game canceled after bench-clearing brawl broke out between...
LSU Baseball team volunteers with Baton Rouge's Miracle League