Question: PLEASE HELP Microsoft buys LinkedIn On June 13, 2016, Microsoft announced it was acquiring LinkedIn for $26.2 billion. Consider the following chart showing the market
Microsoft buys LinkedIn On June 13, 2016, Microsoft announced it was acquiring LinkedIn for $26.2 billion. Consider the following chart showing the market capitalization in billions of the two companies, where the data for June 10 and June 13 is highlighted: Date LinkedIn Microsoft 06/08/2016 $17.9 $409.1 06/09/2016 $18.2 $405.8 06/10/2016 $17.5 $404.7 06/13/2016 $25.7 $394.1 06/14/2016 $25.6 $391.7 06/15/2016 $25.6 $390.6 06/16/2016 $25.5 $396.1 Q 5. On the news, LinkedIn's market capitalization increased to nearly $26 billion, while Microsoft's market capitalization actually dropped $10.6 billion. Explain the drop in Microsoft's market capitalization. What is going on
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