Microsoft Seeks EU Approval for $26 Billion LinkedIn Acquisition

Advertisement
By Reuters | Updated: 17 October 2016 11:32 IST

Microsoft sought EU antitrust approval on Friday for its $26 billion bid for social network LinkedIn, a spokesman said on Friday, kicking off a month-long review by regulators of its largest deal.

"We filed today," company spokesman Robin Koch said.

Advertisement

He said the European Commission has set a November 22 deadline to examine the case. The EU competition authority can either clear the deal with or without concessions or it can open a lengthy investigation if it has serious concerns.

(Also see:  Microsoft Dives Into Social With LinkedIn Deal)

US software company Salesforce has criticised the takeover, saying it threatens innovation and competition.

Advertisement

Microsoft is expected to say that there is more than enough competition from Facebook and social networks on smartphones.

Antitrust regulators in the United States, Canada and Brazil have already cleared the deal.

Advertisement

© Thomson Reuters 2016

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Why Microsoft Outlook, Teams and Other Services Are Still Down
  2. Here's Why iPhone 18 Launch Could Have Been Delayed
  3. Bitcoin Firm Nakamoto Extends Debt Deal as Stock Valuation Takes a Hit
  1. Xiaomi 18 Pro, Redmi Note 17 Aura India Launch Tipped for January 2027; Xiaomi 18T Could Arrive Later
  2. Bitcoin Firm Nakamoto Extends Debt Deal as Stock Valuation Takes a Hit
  3. Samsung Galaxy A18 5G Spotted on Bluetooth SIG Ahead of Expected Launch
  4. South Korea’s Upbit Pauses OSMO Deposits and Withdrawals After Network Failure
  5. Meta Muse AI Can Now Make Phone Calls to Businesses for Paid Subscribers
  6. Claude Meetings Launched in Beta for Team and Enterprise Subscribers: Features, Availability
  7. Redmi Note 18 Series Phone Reportedly Spotted on 3C Certification Site; Charging Speed Tipped
  8. Vivo X500 Series Camera Configuration and Colour Options Revealed Ahead of India Launch
  9. Apple's iPhone 18 is Missing From This Year's Lineup, and Samsung Could Be the Reason
  10. Vivo Watch GT 2 Features Officially Revealed Ahead of India Launch
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.