SOFTWARE GIANT REPORTEDLY ALTERS CONCESSIONS TO EASE COMPETITION CONCERNS.
The European Commission is expected to approve Microsoft’s $26.2 billion acquisition of LinkedIn after the software giant altered concessions designed to ease competition concerns.
Sources cited by Reuters last week claimed Microsoft will allow LinkedIn’s rivals to access its software, and will give hardware makers the option of installing rival professional social networks.
According to sources cited in a separate Reuters report on Wednesday, Microsoft tweaked its concessions following feedback submitted to the Commission by rivals. Further details were not provided, but it seems to have been enough to win over the authorities.
Microsoft agreed to acquire LinkedIn in June, and plans to integrate the professional social network with its Productivity and Business Processes division, which includes its Office software for both consumer and enterprise clients, Skype, its OneDrive cloud storage service, and its Dynamics CRM solution.
Microsoft’s LinkedIn buy comes at a sensitive time for acquisitions that involve vast swathes of user data.
Competition commissioner Margrethe Vestager said in a speech in September that Brussels is mulling whether to take a closer look at mergers and acquisitions that involve a large volume of valuable data.
“A company might even buy up a rival just to get hold of its data, even though it hasn’t yet managed to turn that data into money,” she said at the time.
The Commission is expected to issue a ruling on the Microsoft/LinkedIn deal by 6 December.