3. Microsoft Strikes Deal To Acquire LinkedIn For $26.2 Billion
On June 13 Microsoft stunned the IT industry when it announced a deal to acquire business social network site LinkedIn for $196 million per share or $26.2 billion.
The two companies said they would integrate Microsoft's cloud Office 365 and Dynamics CRM applications with LinkedIn's business-to-business network of professionals – a move Microsoft partners said would provide them with a competitive edge over CRM cloud application vendor Salesforce.com. Salesforce had reportedly also bid to acquire LinkedIn.
Microsoft and LinkedIn expect to complete the acquisition by the end of 2016.