What: LinkedIn (NYSE: LNKD) stock opened up Monday morning. Shares jumped as much as 48.3%, driven by a Monday morning announcement that Microsoft (NASDAQ: MSFT) reached a deal to acquire the social network for professionals for $26.2 billion. Shares are up about 47% as of 1:08 p.m. EDT.
LinkedIn CEO on left; Microsoft CEO in the middle. Image source: LinkedIn.