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

PLEASE HELP
PLEASE HELP Microsoft buys LinkedIn On June 13, 2016, Microsoft announced it

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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!