VeeNaija.com

Tech Giant Microsoft About To Buy LinkedIn for $26bn Deal

Share with Friends

Reports have emerged that Tech giant Microsoft is about to buy LinkedIn in a $26 billion deal, as LinkedIn has agreed to allow Microsoft some access to its software.

This access is so that the European Union (EU) could approve an acquisition that could be very beneficial and lucrative for both parties.

Investopedia says the reason why Microsoft wants to buy LinkedIn is because the EU feels satisfied with these concessions, considering that it required feedback from Microsoft´s rivals and customers as Salesforce.com,Inc., which also wanted to acquire LinkedIn.

In addition to these concessions, the tech giant will additionally allow third-party manufactures as Dell Inc. or Hewlett-Packard (HP) Enterprise Co. to disable the LinkedIn shortcut on its desktops and laptops, which many believe that could be too much beneficial for the competitors.

However, a precedent shows that the European Union antitrust decision condemned Microsoft 12 years ago for bundling unnecessary programs in its operating system, so the company feels forced to make this kind of concessions so its acquisition doesn´t have any problems.

Leave a Reply

Your email address will not be published. Required fields are marked *

Open