One of the top richest man in the world, and owner of Microsoft Bill Gate, is at it again. Bill Gate made the smart move into social media business. Microsoft has acquired LinkedIn for $26.2 billion.

LinkedIn is a social network for professionals with 433 million users, for $26 billion, on $196 per share, in cash. The transaction has already been approved by the boards of LinkedIn and Microsoft.
Microsoft is vowing to maintain LinkedIn's overall independence, including the role of CEO Jeff Weiner, and hopes to close the deal sometime in 2016.

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