Features

Microsoft to buy LinkedIn for $26.2 billion; LNKD shares jump 47%

Microsoft announced a $26.2 billion deal on Monday to acquire professional social platform LinkedIn for $196 per share.

Shares of LinkedIn surged 47 percent after the announcement to near $193, while Microsoft’s stock was down 3.2 percent. Trading in Microsoft had been halted briefly for news pending before the announcement of the all-cash deal.