The Buzz | Microsoft to buy networking site LinkedIn for USD26.2 billion

Microsoft Corp. said it will buy LinkedIn Corp. in a deal valued at USD26.2 billion.
The deal, in which Microsoft will pay $196 per share in an all-cash transaction, is a 49.5 percent premium to LinkedIn’s closing price on Friday.
LinkedIn will retain its brand, culture and independence and Jeff Weiner will remain chief executive officer of the company, Microsoft said in a statement yesterday.