Microsoft makes ‘commitments’ to EU over LinkedIn deal – CNET
Microsoft made commitments to EU antitrust regulators about its $26 billion acquisition of professional-networking site LinkedIn, the European Commission said Wednesday.
The commission declined to provide further details. Microsoft declined to comment.
The concessions come after EU regulators expressed concerns about the deal at a meeting with Microsoft executives last week, reported Reuters. The commission will rule on the deal by December 6.
In June, Microsoft announced plans to buy LinkedIn for $26.2 billion, its biggest-ever acquisition. For Microsoft, the LinkedIn deal furthers its plan to become an essential provider to businesses of cloud-based services, including its Office 365. Salesforce was also reportedly interested in making a bid for LinkedIn.
Microsoft submitted its LinkedIn acquisition for EU regulatory approval in October, after already receiving approval from authorities in the US, Canada and Brazil. Its up to the EU Commission to either approve the deal, along with these new commitments, or open a full investigation into Microsoft’s purchase.