📚 Microsoft’s LinkedIn Takeover “Likely” to Receive EU’s Approval

Microsoft announced earlier this year that it agreed to purchase professional social network LinkedIn for no less than $26.2 billion, but the company hit some roadblocks in Europe, where rivals complained that this acquisition could violate competition laws. After working closely with EU’s antitrust watchdog, Microsoft is very likely to get the go-ahead in Europe as well, after the United States, Canada, Brazil, and South Africa already approved the deal. A report by Reuters and citing people with knowledge of the matter reveal that Microsoft has agreed to concessions which would address worries that Microsoft could block access to LinkedIn data for its rivals. One of the concessions states that Microsoft will continue to “give hardware makers the option of installing competing procession social networks on computers after the acquisition,” the report states. A decis... ...