Decks cleared for Microsoft and LinkedIn deal: Sources


EU antitrust regulators are set to give conditional clearance to Microsoft’s $26 billion takeover of professional social media network LinkedIn, three individuals familiar with the matter stated on Wednesday.

As one of the significance part of the EU approval, the US software company will make some minor amendments to concessions submitted last week following feedback from rivals and customers, they said.

The deal, Microsoft’s biggest ever acquisition, will permit the company to include a suite of sales, marketing and recruiting services to its core business products as it gears up for next-generation computing.

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Sameeksha Bhardwaj, From ITvoir News Desk