A PYMNTS Company

South Africa: Microsoft, Linked-In merger given the go-ahead

By  |  November 10, 2016

Local competition authorities have given the Microsoft and Linked-In merger the go ahead.

The Competition Commission has unconditionally approved the intermediate merger which will see the software giant acquire Linked-In.

Earlier this year, Microsoft announced plans to buy the professional social network for $26-billion.

The move has been driven by the network’s increased membership and financial performance.

Linked-In expects to seal the deal by year-end, once global regulators approve.

Full Content: E NCA

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.