Microsoft has gained all necessary regulatory clearance for its acquisition of LinkedIn, the company announced today, and the massive deal is set to close “in the coming days.” The European Commission was the last hurdle remaining after officials in the US, Canada, and elsewhere had already approved the $26.2 billion all-cash buyout.
Microsoft had to make several commitments — outlined in this blog post from president and chief legal officer Brad Smith — regarding its “support for third-party professional social networking services” to have the European Commission clear the deal. Most of them pertain to keeping Office open to competitors, as had been rumored.
The Microsoft-LinkedIn deal was announced back in June, and at the time...
Microsoft’s $26 billion LinkedIn acquisition will close in the coming days appeared first on http://www.theverge.com
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