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Microsoft to buy LinkedIn in $26.2bn deal

Microsoft has bought LinkedIn for $26.2bn, as the Seattle-based software company seeks to expand its reach into professional networking.

The deal is Microsoft’s biggest-ever acquisition, and follows a pattern of bold moves by chief executive Satya Nadella to reinvent the company that is known primarily as the maker of the Windows operating system.

The offer of $196 a share represents a 50 per cent premium to LinkedIn’s closing price on Friday and is inclusive of the professional networking website’s net cash.

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