🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Microsoft seeks EU approval for LinkedIn buy

Published 2016-10-14, 12:24 p/m
© Reuters.  Microsoft seeks EU approval for LinkedIn buy
MSFT
-
LNKD
-
META
-

FLORENCE, Italy, Oct 14 (Reuters) - Microsoft MSFT.O sought EU antitrust approval on Friday for its $26 billion bid for social network LinkedIn (NYSE:LNKD), a spokesman said on Friday, kicking off a month-long review by regulators of its largest deal.

"We filed today," company spokesman Robin Koch said.

He said the European Commission has set a Nov. 22 deadline to examine the case. The EU competition authority can either clear the deal with or without concessions or it can open a lengthy investigation if it has serious concerns.

U.S. software company Salesforce has criticised the takeover, saying it threatens innovation and competition. is expected to say that there is more than enough competition from Facebook FB.O and social networks on smartphones.

Antitrust regulators in the United States, Canada and Brazil have already cleared the deal.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.