Microsoft to buy LinkedIn for $26.2 billion in its largest deal
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Pacific Crest Downgrades LinkedIn (LNKD) to Sector Weight
June 13, 2016 3:04 PM EDTPacific Crest downgraded LinkedIn (NYSE: LNKD) from Overweight to Sector Weight.
For an analyst ratings summary and ratings history on LinkedIn click here. For more ratings news on LinkedIn click here.
Shares of LinkedIn closed at $131.08 yesterday.
... MoreMoody's Places Microsoft (MSFT) Ratings on Review for Downgrade
June 13, 2016 2:15 PM EDTMoody's Investors Service ("Moody's") placed the Aaa senior unsecured rating of Microsoft Corporation (Nasdaq: MSFT) under review for downgrade following the announcement today that the company has agreed to buy LinkedIn Corporation for $26.2 billion in cash. Both company's boards of directors have approved the transaction, and, pending LinkedIn shareholder and regulatory approvals, the transaction is expected to close around calendar year-end 2016. LinkedIn founder Reid Hoffman, a controlling shareholder with 11% of outstanding shares and about 53% of voting power as of the end of 2015, announced he supports the transaction. Microsoft's short term rating is affirmed and... More
Canaccord Genuity Downgrades LinkedIn (LNKD) to Hold
June 13, 2016 12:56 PM EDTCanaccord Genuity downgraded LinkedIn (NYSE: LNKD) from Buy to Hold with a price target of $196.00.
For an analyst ratings summary and ratings history on LinkedIn click here. For more ratings news on LinkedIn click here.
Shares of LinkedIn closed at $131.08 yesterday.
... More