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EU: Microsoft offers ‘concessions’ to antitrust regulators over $26.2bn LinkedIn deal

By  |  November 16, 2016

Microsoft has offered concessions to EU antitrust regulators over its $26 billion bid for social network LinkedIn, the European Commission said on Wednesday, as the US software company seeks to allay concerns over its largest ever deal.

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    The move came after the EU competition enforcer expressed concerns about the deal at a meeting with Microsoft executives last week.

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    The Commission, which will rule on the deal by Dec. 6, did not provide details. It is expected to seek feedback from rivals and customers before deciding whether to accept the concessions, demand more or open a full investigation.

    The LinkedIn acquisition will allow Microsoft to add a suite of sales, marketing and recruiting services to its core business products as it gears up for next-generation computing.

    LinkedIn makes most of its $3 billion annual revenue from job hunters and recruiters who pay a monthly fee to post resumes and connect with people.

    Full Content: Reuters

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