http://www.cnbc.com/2016/06/13/micro...-linkedin.html
Quote:
Microsoft announced a $26.2 billion deal on Monday to acquire professional social platform LinkedIn for $196 per share.
Shares of LinkedIn surged 47 percent after the announcement to near $193, while Microsoft's stock was down 3.2 percent. Trading in Microsoft had been halted briefly for news pending before the announcement of the all-cash deal.
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These tech valuations are insane. So little in tangible assets to back that insane amount of money up.