Friday, September 30, 2016

Salesforce looks to block Microsoft-LinkedIn deal




Salesforce (NYSE:CRM) is pressing U.S. and European regulators to block Microsoft's $26.2B (NASDAQ:MSFT) acquisition of LinkedIn (NYSE:LNKD), arguing the deal would hurt competition by giving it too much control over the company's vast pool of data.
Salesforce's public broadside against the deal comes three months after it lost a bidding war for the social-network.
LinkedIn claims 450M members in more than 200 countries, including 106M monthly active users.

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