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Microsoft buys LinkedIn for $26.2 billion

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ZDNet; By Mary Jo Foley 		Mail this story
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Microsoft is buying social-networking site LinkedIn in an all-cash transaction for $26.2 billion, company officials announced June 13. The move fits in with Microsoft's increasing push to focus on business customers. Founded in 2002, Mountain View, Calif.-based LinkedIn had approximately 400 million users in 2015. The company provides a social network alternative for finding professional and work connections, sharing resumes and potentially finding new posts.

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