What were the major mergers and acquisitions in 2016?
The year 2016 saw some major mergers and acquisitions with the most expensive being the acquisition of Time Warner by American telecommunications giant AT&T for $85.4 billion (₹5.80 lakh crore). In June 2016, Microsoft agreed to buy business-oriented social networking service LinkedIn for $26.2 billion (₹1.78 lakh crore), with Jeff Weiner retaining the position of LinkedIn's CEO.