Microsoft in $26 Billion Deal for No-Profit LinkedIn

Philadelphia Inquirer: Microsoft has agreed to pay $26.2 billion for LinkedIn, the social-media company focused on job networking and hiring. The price is a fat premium to LinkedIn’s recent trading value of $100-$130 a share, but a discount to its 2015 all-time high above $270. LinkedIn has been steadily unprofitable despite rapidly growing sales. LinkedIn has also faced large-scale, embarrassing and potentially costly security breaches.