Exclusive: EU regulators set to clear Microsoft's LinkedIn deal - sources

Reuters News
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Posted: Nov 23, 2016 10:56 AM

BRUSSELS (Reuters) - EU antitrust regulators are set to give conditional clearance to Microsoft's <MSFT.O> $26 billion takeover of professional social network LinkedIn <LNKD.N>, three people familiar with the matter said on Wednesday.

As part of the EU approval, the U.S. software company will make some minor changes to concessions submitted last week following feedback from rivals and customers, the people said.

The deal, Microsoft's largest ever acquisition, will allow the company to add a suite of sales, marketing and recruiting services to its core business products as it gears up for next-generation computing.

(Reporting by Foo Yun Chee; editing by Robin Emmott)