LinkedIn shares up 46% following Microsoft deal
The shares of professional networking firm LinkedIn on Monday closed 46.64% higher at $192.21 on the New York Stock Exchange following Microsoft's announcement to acquire the company for $26.2 billion. Meanwhile, shares of Microsoft ended the day's trade 2.6% lower. Notably, Microsoft has earlier committed to pay the final $10 billion of the $40 billion share buyback program this year.