Breaking News: Microsoft To Buy LinkedIn For $26bn.

Microsoft is buying the professional networking website LinkedIn for just over $26bn (£18bn) in cash.

The software giant will pay $196 a share - a premium of almost 50% to Friday's closing share price.

The deal will help Microsoft boost sales of its business and email soft... read moreware.

Microsoft said that LinkedIn would retain its "distinct brand, culture and independence".

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