Microsoft's LinkedIn deal clears the EU, will close in the coming days
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Microsoft's mammoth acquisition of LinkedIn has just cleared the last hurdle in front of it, paving the way for the tech titan to buy the professional social network for US$26.2 billion.
European Union regulators have approved the acquisition, joining agencies in the U.S., Canada, Brazil, and South Africa. The deal is expected to close "in the coming days," Brad Smith, Microsoft's president and chief legal officer, said in a blog post Tuesday.
The news comes roughly six months after Microsoft announced the deal. Microsoft at the time said it expected the acquisition to close by the end of 2016, and it seems poised to hit that mark.
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