Microsoft Set To Win EU Approval for LinkedIn Buy

Microsoft is set to gain EU approval for its $26 billion buy of professional social network LinkedIn with tweaks to concessions aimed at addressing competition concerns, three people close to the matter said on Wednesday. From a report on Reuters: Microsoft last week told the European Commission that it would still allow LinkedIn’s rivals access to its software such as its Outlook program and give hardware makers the option of installing competing professional social networks on computers after the acquisition. The second plank of the concession is important because of the company’s battle with the EU competition authority over the last decade and the policy of tying its products to block rivals, resulting in fines of more than 2.2 billion euros.

Read more of this story at Slashdot.