Lost LinkedIn Bid to Microsoft

ENLARGE Inc. will face increased competition from the combined Microsoft and LinkedIn in the $26.3 billion market for software for what is known as customer relationship management. Here, the company’s chairman and CEO, Marc Benioff, listens during a television interview in September last year. Photo: David Paul Morris/Bloomberg News By Rachael King June 16, 2016 11:36 p.m. ET 0 COMMENTS Inc. CRM -0.43 % lost out on its bid for LinkedIn Corp. LNKD 0.02 % to Microsoft Corp. MSFT 1.41 % , which acquired the professional social network site for $26.2 billion on Monday, according to a person familiar with the matter.’s offer price isn’t known, but Brent Thill, an analyst at UBS Group, said purchasing LinkedIn would have been a stretch for the company, which makes…

Link to Full Article: Lost LinkedIn Bid to Microsoft

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