Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
Bartleby Related Questions Icon

Related questions

Question

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?

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
06/08/2016
06/09/2016
06/10/2016
06/13/2016
06/14/2016
06/15/2016
06/16/2016
LinkedIn
$17.9
$18.2
$17.5
$25.7
$25.6
$25.6
$25.5
Microsoft
$409.1
$405.8
$404.7
$394.1
$391.7
$390.6
$396.1
expand button
Transcribed Image Text: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 06/08/2016 06/09/2016 06/10/2016 06/13/2016 06/14/2016 06/15/2016 06/16/2016 LinkedIn $17.9 $18.2 $17.5 $25.7 $25.6 $25.6 $25.5 Microsoft $409.1 $405.8 $404.7 $394.1 $391.7 $390.6 $396.1
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Finance
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Text book image
Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,
Text book image
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:9781260013962
Author:BREALEY
Publisher:RENT MCG
Text book image
Financial Management: Theory & Practice
Finance
ISBN:9781337909730
Author:Brigham
Publisher:Cengage
Text book image
Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,
Text book image
Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Text book image
Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education