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.
Former LSU frat member to be sentenced in Max Gruvers hazing death...
Drivers in West Baton Rouge get closer look at I-10 widening project
Less than 1 percent of residents have responded to roadwork survey, officials...
Incentive program will help bring grocery retail to north Baton Rouge
Public Hearings on I-10 Widening Project