Microsoft announced a $26.2bn deal on Monday to acquire professional social platform LinkedIn, for $196 per share.
Following this transaction, Dr Dotan Baruch, partner and head of the internet department at Barnea & Co, who represents and advises internet companies involved in mergers and acquisitions, was interviewed by Galatz radio on Good morning Israel and by Israel Hayom newspaper regarding the transaction.
Dr Baruch said: “There is no doubt that the acquisition underlines the importance given to social networks and the expectation that significant profits can be made from these networks.”