Microsoft announced on Tuesday (December 6, 2016) that the European Commission has approved its $26.2 billion bid to buy social network LinkedIn.
The company’s Chief Legal Officer Brad Smith wrote in a Microsoft blog post that the company has obtained all of the needed regulatory approvals to complete the acquisition. Microsoft expects that the deal will close in the coming days.
As explained in the blog post, the Redmond-based company needed to formalize several commitments to gain the commission’s approval. Those commitments involve Microsoft’s continued effort to make its Office Add-in program available to third-party professional social networking services.
With the LinkedIn acquisition, Microsoft hopes to contribute to current economic challenges like helping people online “to develop and earn credentials for new skills, identify and pursue new jobs, and become more creative and productive as they work with their colleagues.”
(Photo Source: press.linkedin.com)