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13 June 2016 at 12:57 GMT
Microsoft (MSFT:xnas) is set to buy LinkedIn (LNKD:xnys) for $196/share in an all-cash deal. The deal represents a 46.5% premium over Friday's close price for LinkedIn.
Microsoft says the deal has minimal dilution effect (less than 1%) in fiscal year 2017. LinkedIn CEO Jeff Weinerwill stay on, and he is also endorsing the deal.
Microsoft sees the agreement adding to its earnings-per-share in FT19. LinkedIn chairman Hoffman also supports the deal.
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Source: Saxo Bank
— Edited by Michael McKenna
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