Microsoft’s $26.2 billion purchase of LinkedIn poised for EU approval, report says

Microsoft’s $26 billion bid for LinkedIn is expected to gain approval from the European Union after the tech firm offered concession to quell competition concerns from its rivals.

Reuters, citing anonymous sources, reported that Microsoft has proposed giving its competitors access to its Outlook program. It would also allow computer manufacturers to display profiles of professional social networks outside of LinkedIn.

Microsoft has been fined more than $2.2 billion euros over the last decade for bundling its products to block rivals, the media outlet reported.┬áThe European Commission, the EU’s antitrust regulator, is expected to complete its review of the merger by Dec. 6, which is Microsoft’s largest to date.

In September, Salesforce.com raised antitrust and privacy concerns about Microsoft’s purchase of the business-oriented social media network, arguing that the tech firm will be able to deny competitors access to LinkedIn’s data.

Salesforce wanted to buy LinkedIn too, but lost out to Microsoft in June. With the EU set to approve the Microsoft-LinkedIn deal, it looks like the software company will be out of luck.

 

Photo: People walk past a Microsoft office in New York on October 6, 2015. (JEWEL SAMAD/AFP/Getty Images)

 

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