Visitors Now:
Total Visits:
Total Stories:
Profile image
By SiteProNews (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Microsoft to Get Green Light From EU on $26B LinkedIn Purchase

Thursday, November 24, 2016 4:09
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Microsoft’s proposed acquisition of professional social network LinkedIn is set to receive European Union approval.

Sources told Reuters the recent concessions made by Microsoft have changed the minds of European commissioners and that the U.S. software firm’s $26-billion, all-cash deal will get the go-ahead.

european-commissionMicrosoft promised the European Commission it would give its rivals access to its Outlook add-ins program, enabling profiles from competing social networks to appear in Outlook. Microsoft also pledged to permit PC makers such as Dell and HP to disable a LinkedIn shortcut that is packaged on the desktop of some computers.

Microsoft in June announced its intention to acquire LinkedIn, in a deal that would give the Redmond company access to the professional social network’s 433 million members.

Salesforce, which also tried to acquire the professional social networking firm, has been one of the most outspoken parties against the transaction and has been asking regulators to block the deal. Salesforce contends that it and other rivals would not be given access to LinkedIn’s dataset of users.

Salesforce said if it had purchased LinkedIn it would “have used the data within our own services appropriately and also licensed it to others,” adding the “chances of Microsoft doing the same without government intervention are slim.”

Still, Reuters sources seem to indicate that Salesforce’s concerns are not shared by the European Commission.

The Commission is to rule on the matter by Dec. 6.


avatar

Jennifer Cowan is the Managing Editor for SiteProNews.

The post Microsoft to Get Green Light From EU on $26B LinkedIn Purchase appeared first on SiteProNews.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.