EU approves Microsoft buyout of LinkedIn with conditions (Update)

December 6, 2016

The European Union on Tuesday approved Microsoft's mega buyout of the professional networking site LinkedIn, provided the US tech giant meets commitments to allow fair competition.

The European Commission, the EU executive, said it approved the merger after Microsoft offered promises, including leaving personal computer manufacturers and distributors free not to install LinkedIn on Windows operating systems.

"The European Commission has approved under the EU Merger Regulation the proposed acquisition of LinkedIn by Microsoft," the commission said.

Microsoft's $26 billion acquisition of LinkedIn was announced in June, the biggest-ever deal for a social media company.

"Today's decision ensures that Europeans will continue to enjoy a freedom of choice between professional social networks," EU competition chief Margrethe Vestager said.

Data has increasingly become a major driver for big acquisitions in the digital world, including the blockbuster buyout of messaging service WhatsApp by Facebook in 2014 that was waved through at the EU by Vestager's predecessor.

Explore further: EU's Vestager to scrutinise data in merger decisions

Related Stories

EU's Vestager to scrutinise data in merger decisions

September 29, 2016

EU competition chief Margarethe Vestager on Thursday said that the relevance of user data to major corporate mergers will come under closer scrutiny as her teams get set to consider Microsoft's mega buyout of LinkedIn.

EU approves mobile phone joint venture in Italy

September 1, 2016

The European Union's executive Commission on Thursday approved a proposed mobile phone joint venture in Italy between subsidiaries of VimpelCom and Hutchison, conditional on the sale of assets that will allow a new French ...

Google CEO meets with EU anti-trust chief

February 25, 2016

Google chief executive Sundar Pichai met with the European Union's top anti-trust official Margrethe Vestager on Thursday in an effort to narrow differences ahead of a landmark competition decision on the company.

Recommended for you

Enhancing solar power with diatoms

October 20, 2017

Diatoms, a kind of algae that reproduces prodigiously, have been called "the jewels of the sea" for their ability to manipulate light. Now, researchers hope to harness that property to boost solar technology.

Dutch open 'world's first 3D-printed bridge'

October 17, 2017

Dutch officials toasted on Tuesday the opening of what is being called the world's first 3D-printed concrete bridge, which is primarily meant to be used by cyclists.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.