Bidding From Salesforce Pushed Microsoft to Raise Its Offer for LinkedIn – Wall Street Journal

Persistent bidding from Salesforce.com Inc. forced Microsoft Corp. to boost its offer for LinkedIn Corp. 22%, or roughly $5 billion, during the two months of negotiations, according to a regulatory filing by the professional social network and a person with knowledge of the matter.

The software giant ultimately agreed to buy LinkedIn last month for $26.2 billion, or $196 a share in cash. That was a 50% premium over LinkedIn’s stock…

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